newly constructed multifamily property
Defined in 1 place of the United States Code.
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.
Source
- 1994–present15 U.S.C. § 2227Commerce and Trade · Fire safety systems in federally assisted buildings · for purposes of this section