§ 145(d)(2)

paragraph (1) does not apply

UNDECIDED

0 of 3 settled

  1. 1

    § 145(d)(2)

    ANY OF

    Paragraph (1) shall not apply to any bond issued as part of an issue if the portion of such issue which is to be used as described in paragraph (1) is to be used to provide—

    “to any bond issued as part of an issue” Opening words
    “if the portion of such issue which is to be used as described in paragraph (1) is to be used to provide—” Opening words
    “a residential rental property for family units if the first use of such property is pursuant to such issue,” § 145(d)(2)(A)

    Step 2 exception for residential rental property UNDECIDED

    “qualified residential rental projects (as defined in section 142(d)), or” § 145(d)(2)(B) needs Step 3 Qualified residential rental project UNDECIDED
    “property which is to be substantially rehabilitated in a rehabilitation beginning within the 2-year period ending 1 year after the date of the acquisition of such property.” § 145(d)(2)(C)

    “Substantially” implies facts and circumstances. No regulation cites this provision (eCFR, Oct 19, 2026)

  2. 2

    § 145(d)(2)(A)

    exception for residential rental property

    ALL OF
    “to any bond issued as part of an issue” Enclosing § 145(d)(2)
    “if the portion of such issue which is to be used as described in paragraph (1) is to be used to provide—” Enclosing § 145(d)(2)
    “a residential rental property for family units”
    “the first use of such property is pursuant to such issue”
  3. 3

    § 142(d)

    Qualified residential rental project

    ALL OF
    “any project for residential rental property”
    “at all times during the qualified project period, such project meets the requirements of subparagraph (A) or (B), whichever is elected by the issuer at the time of the issuance of the issue with respect to such project”