institutions (a) Minority community development financial institution set-Aside in providing assistance (1) In general Section 108 of the Community Development Banking and Financial Institutions Act of 1994 ( 12 U.S.C. 4707 ) is amended by adding at the end the following: (i) Minority community development financial institution set-Aside in providing assistance Notwithstanding any other provision of law, in providing any assistance, the Fund shall reserve 40 percent of such assistance for minority community development financial institutions. . (2) Definitions Section 103 of the Community Development Banking and Financial Institutions Act of 1994 ( 12 U.S.C. 4702 ) is amended by adding at the end the following: (22) Minority community development financial institution definitions (A) Minority The term minority means any Black American, Native American, Hispanic American, or Asian American. (B) Minority community development financial institution The term minority community development financial institution means a community development financial institution that— (i) if a privately owned institution, 51 percent is owned by one or more socially and economically disadvantaged individuals