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Any private organization that is organized under state or local laws, meeting the following conditions. It has no part of its net earnings inuring to the benefit of any member, founder, contributor or individual. It must also have a long-term record of serrvice in providing or financing quality affordable housig for low-income households, often through relationships with public entities.<\/p>", "inDefinedTermSet": "https://affordablehousingonline.com/glossary" },

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Nonprofit Housing Organization

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Any private organization that is organized under state or local laws, meeting the following conditions. It has no part of its net earnings inuring to the benefit of any member, founder, contributor or individual. It must also have a long-term record of serrvice in providing or financing quality affordable housig for low-income households, often through relationships with public entities.