financial institutions fund. (D) Large bank affiliated CDE The term large bank affiliated CDE means a qualified community development entity is affiliated with a financial institution which— (i) has $1,000,000,000 or more in assets, and (ii) is not a CDFI CDE. (E) Nonprofit CDE The term nonprofit CDE means a qualified community development entity which— (i) is described in section 501(c) and exempt from tax under section 501(a), (ii) was created or organized for the purpose of being a qualified community development entity, and (iii) is not a community financial institution CDE, CDFI CDE, or large bank affiliated CDE. (F) For-profit CDE The term for-profit CDE means any qualified community development entity which is not a community financial institution CDE, CDFI CDE, large bank affiliated CDE, or nonprofit CDE. (4) Minority-owned qualified community development entity For purposes of this section— (A) In general The term minority-owned qualified community development entity means any qualified community development entity if not less than 51 percent of such entity is owned by one or more individuals described in subparagraph (B). (B) Individuals described An individual is described in this subparagraph if such individual is African American, Hispanic American, Asian Pacific American, Subcontinent Asian American, or Native American. . (c) Limitations on repeat allocations to same community development entities Section 45D(f) of the Internal Revenue Code of 1986 is amended by redesignating paragraph (3) as paragraph (4) and by inserting after paragraph (2) the following new paragraph: (3) Limitations on repeat allocations (A) Two-year cooling off period if two consecutive allocations If a qualified community development entity receives allocations under paragraph (2) for two consecutive calendar years, the Secretary shall not make an allocation under paragraph (2) to such entity (or any entity affiliated with such entity) for either of the two calendar years following the two consecutive calendar years with