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42 U.S. Code § 12898a. Enterprise zone homeownership opportunity grants
(a) Statement of purposeIt is the purpose of this section—
(1)
to encourage homeownership by families in the United States who are not otherwise able to afford homeownership;
(2)
to encourage the redevelopment of economically depressed areas; and
(3)
to provide better housing opportunities in federally approved and equivalent State-approved enterprise zones.
(b) DefinitionsFor purposes of this section the following definitions shall apply:
(1) Home
The term “home” means any 1- to 4-family dwelling. Such term includes any dwelling unit in a condominium project or cooperative project consisting of not more than 4 dwelling units, any town house, and any manufactured home.
(2) Metropolitan statistical area
The term “metropolitan statistical area” means a metropolitan statistical area as established by the Office of Management and Budget.
(3) Nonprofit organization
The term “nonprofit organization” means a private nonprofit corporation, or other private nonprofit legal entity, that is approved by the Secretary as to financial responsibility.