the limitation amount allocated under subsection (d) to such financial institution. (3) Treatment of subsequent purchasers The term qualified CDFI investment includes any investment which would (but for paragraph (1)(A)) be a qualified CDFI investment in the hands of the taxpayer if such investment was a qualified CDFI investment in the hands of a prior holder. (4) Redemptions A rule similar to the rule of section 1202(c)(3) shall apply for purposes of this subsection. (5) Equity equivalent investment For purposes of this paragraph, the term equity equivalent investment means an obligation of a qualified community development financial institution which— (A) is carried as an investment on the investor’s balance sheet in accordance with Generally Accepted Accounting Principles, (B) is not secured by any of the assets of the qualified community development financial institution, (C) is fully subordinated to the right of repayment of all of the other creditors of the qualified community development financial institution, (D) does not give the investor the right to accelerate payment unless the qualified community development financial institution ceases its normal operations, (E) carries an interest rate or dividend that is not tied to any income received by the qualified community development financial institution, and (F) has an indeterminate maturity. (c) Qualified community development financial institution For purposes of this section, the term qualified community development financial institution means— (1) any community development financial institution (as defined in section 103 of the Community Development Banking and Financial Institutions Act of 1994 ( 12 U.S.C. 4702 )), or (2) any partnership that is controlled, for purposes of section 482, or any investment vehicle the investment activities of which are otherwise substantially entirely managed and directed, by one or more community development financial institutions (as so defined). (d) National limitation on amount of investments designated (1) In