### Question
How does the law define ineligible multifamily housing property?


### Answer
Under *12 U.S.C. § 1441a*, **ineligible multifamily housing property** is defined as:

> a property consisting of more than 4 dwelling units—


(I) to which the Corporation acquires title in its capacity as conservator (including its capacity as the sole owner of a subsidiary corporation of a depository institution under conservatorship, which subsidiary corporation has as its principal business the ownership of real property)

#### Citation:
  - *12 U.S.C. § 1441a*
  - Heading: **CHAPTER 11-FEDERAL HOME LOAN BANKS**

