(1) the term community-based
nonprofit">
nonprofit housing developer means a
nonprofit">
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;
(B) has been in existence for at least 2 years prior to the date of the grant application;
(C) has a record of service to low- and moderate-income people in the community in which the project is located;
(D) is organized at the neighborhood, city, county or multi-county level; and
(E) in the case of a corporation acquiring eligible housing under subchapter I of this chapter, agrees to form a purchaser entity that conforms to the definition of a community-based
nonprofit">
nonprofit organization under such subchapter and agrees to use its best efforts to secure majority tenant consent to the acquisition of the project for which grant assistance is requested; and
(2) the terms eligible low-income housing,
nonprofit">
nonprofit organization, owner, and resident council have the meanings given such terms in section
4119 of this title.