Section 50091 Of Chapter 2. Definitions From California Health And Safety Code >> Division 31. >> Part 1. >> Chapter 2.
50091
. "Nonprofit housing sponsor" or "nonprofit corporation" means
a nonprofit corporation incorporated pursuant to Division 2
(commencing with Section 5000) of Title 1 of the Corporations Code or
a corporation or association which is, or will be qualified as, a
cooperative housing corporation for purposes of subdivision (a) of
Section 17265 of the Revenue and Taxation Code, a nonprofit student
housing cooperative, or a limited equity housing cooperative and
which is certified by the agency as qualified to own a housing
development if financed or assisted by the agency. However, a limited
equity housing cooperative shall not be deemed to be nonprofit for
the purpose of Chapter 10 (commencing with Section 50775).