### Question
How is the "qualified principal residence" defined?


### Answer
The term **qualified principal residence** is defined in *42 U.S.C. § 604* as follows -

> 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)

#### Citation:
  - *42 U.S.C. § 604*
  - Heading: **CHAPTER 7-SOCIAL SECURITY > SUBCHAPTER IV-GRANTS TO STATES FOR AID AND SERVICES TO NEEDY FAMILIES WITH CHILDREN AND FOR CHILD-WELFARE SERVICES > Part A-Block Grants to States for Temporary Assistance for Needy Families**

