local nonprofit organization
Defined in 1 place of the United States Code.
Local nonprofit organization.—The term "local nonprofit organization" means a nonprofit organization that—
(I) has a broad based board reflecting various interests in the community or trade area; and
(II) is a not-for-profit charitable organization whose principal purposes include developing or managing low income housing or community development projects.
Source
- 1994–present42 U.S.C. § 1472The Public Health and Welfare · Loans for housing and buildings on adequate farms · under this section
The term “local nonprofit organization” means a nonprofit organization that—
(I) has a broad based board reflecting various interests in the community or trade area; and
(II) is a not-for-profit charitable organization whose principal purposes include developing or managing low income housing or community development projects.
Source
- 2013–201842 U.S.C. § 1472The Public Health and Welfare · Loans for housing and buildings on adequate farms · under this section