"Community development corporation"

Sec. 2. As used in this chapter, "community development corporation" means a private, nonprofit corporation: (1) whose board of directors consists primarily of community representatives and business, civic, and community leaders; and (2) whose principal purpose includes the provision of: (A) housing; (B) community based economic development projects; or (C) social services; that primarily benefit low income individuals and communities. As added by P.L.15-1997, SEC.1. Amended by P.L.4-1999, SEC.1.