DEFINITIONS.

SEC. 617. DEFINITIONS. Section 21A(c)(9) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(c)(9)), as amended by sections 501 and 504(a)(1) of this Act, is further amended— (1) by striking subparagraph (A) and inserting the following new subparagraph: “(A) Adjusted income and income.— The terms ‘adjusted income’ and ‘income’ shall have the meaning given such terms in section 3(b) of the United States Housing Act of 1937.”; (2) by redesignating subparagraphs (D) through (P) as subparagraphs (E) through (Q), respectively; and (3) by inserting after subparagraph (C) the following new subparagraph: “(D) Eligible condominium property.— The term ‘eligible condominium property’ means a condominium unit, as such term is defined in section 604 of the Housing and Community Development Act of 1980— “(i) to which the Corporation acquires title in its corporate capacity, its capacity as conservator, or its capacity as receiver (including its capacity as the sole owner of a subsidiary corporation of a depository institution under conservatorship or receivership, which subsidiary has as its principal business the ownership of real property); and “(ii) that has an appraised value that does not exceed the applicable dollar amount set forth in the first sentence of section 203(b)(2) of the National Housing Act (without regard to any increase of such amount for high cost areas).”.