qualified principal residence
Defined in 1 place of the United States Code.
The term “qualified principal residence” means a principal residence (within the meaning of section 1034 of the Internal Revenue Code of 1986), the qualified acquisition costs of which do not exceed 100 percent of the average area purchase price applicable to such residence (determined in accordance with paragraphs (2) and (3) of section 143(e) of such Code).
Source
- 1996–present42 U.S.C. § 604The Public Health and Welfare · Use of grants · under this part