Common use of Qualified holder Clause in Contracts

Qualified holder. Qualified holder" means a governmental entity empowered to hold an interest in real property under the laws of this State or the United States or a nonprofit organization whose purposes include the provision of affordable housing or the increasing of affordable housing opportunities for lower income or moderate-income households including governmental or quasi-governmental entities such as public housing authorities, community action agencies or other similar nonprofit or governmental entities committed to providing opportunities for lower income or moderate-income households to obtain affordable housing. [PL 1991, c. 373 (NEW).] SECTION HISTORY PL 1991, c. 373 (NEW). §122. Creation; conveyance; acceptance; duration

Qualified holder. Qualified holder" means a governmental entity empowered to hold an interest in real property under the laws of this State or the United States or a nonprofit organization whose purposes include the provision of affordable housing or the increasing of affordable housing opportunities for lower income or moderate-income households including governmental or quasi-quasi- governmental entities such as public housing authorities, community action agencies or other similar nonprofit or governmental entities committed to providing opportunities for lower income or moderate-moderate- income households to obtain affordable housing. [PL 1991, c. 373 (NEW).] SECTION HISTORY PL 1991, c. 373 (NEW). §122. Creation; conveyance; acceptance; duration