LOAN PACKAGING BY NONPROFIT ORGANIZATIONS.

SEC. 315. LOAN PACKAGING BY NONPROFIT ORGANIZATIONS. Section 501 of the Housing Act of 1949 (as amended by section 302 of this Act) is further amended by adding at the end the following new subsection: “(i) For the purposes of this title, the term ‘development cost’ shall include the packaging of loan and grant applications and actions related thereto by public and private nonprofit organizations tax exempt under the Internal Revenue Code of 1986.”.