### Question
How is the "community-based nonprofit housing developer" defined?


### Answer
The term **community-based nonprofit housing developer** is defined in *12 U.S.C. § 4146* as follows -

> 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**

