### Question
How does the law define qualified purchaser?


### Answer
Under *12 U.S.C. § 4121*, **qualified purchaser** is defined as:

> any entity that agrees to maintain low-income affordability restrictions for the remaining useful life of the housing (as determined under section 4112(c) of this title), and includes for-profit entities and priority purchasers

#### Citation:
  - *12 U.S.C. § 4121*
  - Heading: **CHAPTER 42-LOW-INCOME HOUSING PRESERVATION AND RESIDENT HOMEOWNERSHIP > SUBCHAPTER I-PREPAYMENT OF MORTGAGES INSURED UNDER NATIONAL HOUSING ACT**

