### Question
How is the "housing owner" defined?


### Answer
The term **housing owner** is defined in *12 U.S.C. § 1701s* as follows -

> a private nonprofit corporation or other private nonprofit legal entity, a limited dividend corporation or other limited dividend legal entity, or a cooperative housing corporation, which is a mortgagor under section 221(d)(3) of the National Housing Act [12 U.S.C. 1715l(d)(3)] and which, after August 10, 1965, has been approved for mortgage insurance thereunder and has been approved for receiving the benefits of this section: *Provided*, That, except as provided in subsection (j), no payments under this section may be made with respect to any property financed with a mortgage receiving the benefits of the interest rate provided for in the proviso in section 221(d)(5) of that Act [12 U.S.C. 1715l(d)(5)]

#### Citation:
  - *12 U.S.C. § 1701s*
  - Heading: **CHAPTER 13-NATIONAL HOUSING**

