the heading, of subpar. (B). See 1996 Amendment note above.
Subsec. (d)(5)(C)(ii)(I). Pub. L. 101-508, § 11407(b)(4), inserted at end "If the Secretary of Housing and Urban Development determines that sufficient data for any period are not available to apply this clause on the basis of census tracts, such Secretary shall apply this clause for such period on the basis of enumeration districts."
Pub. L. 101-508, § 11701(a)(2)(B), inserted before period at end "for such year".
Pub. L. 101-508, § 11701(a)(2)(A), which directed the insertion of "which is designated by the Secretary of Housing and Urban Development and, for the most recent year for which census data are available on household income in such tract," after "census tract", was executed by making the insertion after "any census tract" to reflect the probable intent of Congress.
Subsec. (g)(2)(B)(iv). Pub. L. 101-508, § 11407(b)(3), added cl. (iv).
Subsec. (g)(2)(D)(i). Pub. L. 101-508, § 11701(a)(3)(A), inserted before period at end "and such unit continues to be rent-restricted".
Subsec. (g)(2)(D)(ii). Pub. L. 101-508, § 11701(a)(4), inserted at end "In the case of a project described in section 142(d)(4)(B), the preceding sentence shall be applied by substituting '170 percent' for '140 percent' and by substituting 'any low-income unit in the building is occupied by a new resident whose income exceeds 40 percent of area median gross income' for 'any residential unit in the building (of a size comparable to, or smaller than, such unit) is occupied by a new resident whose income exceeds such income limitation'."
Subsec. (g)(3)(A). Pub. L. 101-508, § 11701(a)(5)(A), substituted "the 1st year of the credit period for such building" for "the 12-month period beginning on the date the building is placed in service".
Subsec. (h)(3)(C). Pub. L. 101-508, § 11701(a)(6)(A), substituted "the sum of the amounts described in clauses (i) and (iii)" for "the amount described in clause (i)" in second sentence.
Subsec. (h)(3)(D)(ii)(II). Pub. L. 101-508, § 11701(a)(6)(B), substituted "the sum of the amounts described in clauses (i) and (iii)" for "the amount described in clause (i)".
Subsec. (h)(5)(B). Pub. L. 101-508, § 11407(b)(9)(A), inserted "own an interest in the project (directly or through a partnership) and" after "nonprofit organization is to".
Subsec. (h)(5)(C)(i) to (iii). Pub. L. 101-508, § 11407(b)(9)(B), added cl. (ii) and redesignated former cl. (ii) as (iii).
Subsec. (h)(5)(D)(i). Pub. L. 101-508, § 11407(b)(9)(C), inserted "ownership and" before "material participation".
Subsec. (h)(6)(B)(i). Pub. L. 101-508, § 11701(a)(7)(A), inserted before comma at end "and which prohibits the actions described in subclauses (I) and (II) of subparagraph (E)(ii)".
Subsec. (h)(6)(B)(ii). Pub. L. 101-508, § 11701(a)(7)(B), substituted "requirement and prohibitions" for "requirement".
Subsec. (h)(6)(B)(iii) to (v). Pub. L. 101-508, § 11701(a)(8)(A), added cl. (iii) and redesignated former cls. (iii) and (iv) as (iv) and (v), respectively.
Subsec. (h)(6)(E)(i)(I). Pub. L. 101-508, § 11701(a)(9), inserted before comma "unless the Secretary determines that such acquisition is part of an arrangement with the taxpayer a purpose of which is to terminate such period".
Subsec. (h)(6)(E)(ii)(II). Pub. L. 101-508, § 11701(a)(8)(C), inserted