### Question
What does community-based nonprofit housing developer mean?


### Answer
**Community-based nonprofit housing developer** has the following meaning in *12 U.S.C. § 4146*:

> a nonprofit community development corporation that—


(A) has been classified by the Internal Revenue Service as an exempt organization under section 501(c)(3) of title 26

#### Citation:
  - *12 U.S.C. § 4146*
  - Heading: **CHAPTER 42-LOW-INCOME HOUSING PRESERVATION AND RESIDENT HOMEOWNERSHIP > SUBCHAPTER II-TECHNICAL ASSISTANCE AND CAPACITY BUILDING**

