Page:United States Statutes at Large Volume 111 Part 2.djvu/309

 PUBLIC LAW 105-65 —OCT. 27, 1997 111 STAT. 1389 rental assistance sufficiency plan" means the plan as provided under section 514. (8) NONPROFIT ORGANIZATION. — The term "nonprofit organization" means any private nonprofit organization that— (A) is organized under State or local laws; (B) has no part of its net earnings inuring to the benefit of any member, founder, contributor, or individual; and (C) has a long-term record of service in providing or financing quality affordable housing for low-income families through relationships with public entities. (9) PORTFOLIO RESTRUCTURING AGREEMENT.—The term "portfolio restructuring agreement" means the agreement entered into between the Secretary and a participating administrative entity, as provided under section 513. (10) PARTICIPATING ADMINISTRATIVE ENTITY.— The term "participating administrative entity" means a public agency (including a State housing finance agency or a local housing agency), a nonprofit organization, or any other entity (including a law firm or an accounting firm) or a combination of such entities, that meets the requirements under section 513(b). (11) PROJECT-BASED ASSISTANCE.—The term "project-based assistance" means rental assistance described in paragraph (2)(B) of this section that is attached to a multifamily housing project. (12) RENEWAL.—The term "renewal" means the replacement of an expiring Federal rental contract with a new contract under section 8 of the United States Housing Act of 1937, consistent with the requirements of this subtitle. (13) SECRETARY.— The term "Secretary" means the Secretary of Housing and Urban Development. (14) STATE.— The term "State" has the same meaning as in section 104 of the Cranston-Gonzalez National Affordable Housing Act. (15) TENANT-BASED ASSISTANCE.—The term "tenant-based assistance" has the same meaning as in section 8(f) of the United States Housing Act of 1937. (16) UNIT OF GENERAL LOCAL GOVERNMENT.—The term "unit of general local government" has the same meaning as in section 104 of the Cranston-Gonzalez National Affordable Housing Act. (17) VERY LOW-INCOME FAMILY.— The term "very lowincome family has the same meaning as in section 3(b) of the United States Housing Act of 1937. (18) QUALIFIED MORTGAGEE. —The term "qualified mortgagee" mesms an entity approved by the Secretary that is capable of servicing, as well as originating, FHA-insured mortgages, and that— (A) is not suspended or debarred by the Secretary; (B) is not suspended or on probation imposed by the Mortgagee Review Board; and (C) is not in default under any Government National Mortgage Association obligation. SEC. 513. AUTHORITY OF PARTICIPATING ADMINISTRATIVE ENTITIES. 42 USC 1437f (a) PARTICIPATING ADMINISTRATIVE ENTITIES. — ^°^'

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