newly constructed multifamily property
Defined in 1 dictionary — U.S. Code
United States Code
15 U.S.C. § 2227 — for purposes of this section
For purposes of clause (i), the term “newly constructed multifamily property” means a multifamily property of 4 or more stories above ground level—
(I) that is newly constructed after October 26, 1992; and
(II) for which (a) housing assistance is used for such new construction, or (b) a binding commitment is made, before commencement of such construction, to provide housing assistance for the newly constructed property.