[§201G-232] Housing owner defined. As used in this subpart, the term "housing owner" means:
(1) A private nonprofit corporation or other private nonprofit legal entity, a limited dividend corporation or other limited dividend legal entity, or a cooperative housing corporation, which is a mortgagor under sections 202, 207, 213, 221(d)(3), 221(d)(5), or 231 of the National Housing Act, as amended, or which conforms to the standards of those sections but which is not a mortgagor under those sections or any other private mortgagor under the National Housing Act, as amended, for low- or moderate-income family housing, regulated or supervised under federal or state laws or by political subdivisions of the State, or agencies thereof, as to rents, charges, capital structure, rate of return, and methods of operation, from the time of issuance of the building permit for the project; and