low-income unit
Defined in 2 places of the United States Code.
The term “low-income unit” means any unit in a building if—
(i) such unit is rent-restricted (as defined in subsection (g)(2)), and
(ii) the individuals occupying such unit meet the income limitation applicable under subsection (g)(1) to the project of which such building is a part.
Source
- 1994–present26 U.S.C. § 42Internal Revenue Code · Low-income housing credit · for purposes of this section
The term “low-income unit” means any unit which is required to be occupied by individuals who meet the applicable income limit.
Source
- 1994–present26 U.S.C. § 142Internal Revenue Code · Exempt facility bond · for purposes of this section