### Question
How is the "qualified home improvement loan" defined?


### Answer
The term **qualified home improvement loan** is defined in *26 U.S.C. § 143* as follows -

> the financing (in an amount which does not exceed $15,000)—


(A) of alterations, repairs, and improvements on or in connection with an existing residence by the owner thereof, but


(B) only of such items as substantially protect or improve the basic livability or energy efficiency of the property

#### Citation:
  - *26 U.S.C. § 143*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART IV-TAX EXEMPTION REQUIRE- > Subpart A-Private Activity Bonds**

