; and (2) in the case of homeownership units, are affordable and accessible to households whose incomes do not exceed 120 percent of the median income for the area, as determined by the Secretary. (d) Eligible recipient An eligible recipient of a planning or implementation grant under subsection (a) shall be a local partnership with the ability to administer the grant. (e) Waivers The Secretary may waive or specify alternative requirements for sections 104(a) through (e), 104(h), 104(l), 104(m), 105(a) through (g), 106(a)(2), 106(a)(4), and 106(b) through (f) of the Housing and Community Development Act of 1974 ( 42 U.S.C. 5304(a) through (e), 5304(h), 5304(l), 5304(m), 5305(a) through (g), 5306(a)(2), 5306(a)(4), and 5306(b) through (f)), or associated regulations for the administration of the amounts made available under this section other than requirements related to fair housing, nondiscrimination, labor standards, and the environment, upon a finding that the waiver or alternative requirement is not inconsistent with the overall purposes of such Act and that the waiver or alternative requirement is necessary to expedite or facilitate the use of amounts made available under this section. (f) Definitions For purposes of this section, the following definitions shall apply: (1) Community land trust The term community land trust means a nonprofit organization or State or local governments or instrumentalities that— (A) use a ground lease or deed covenant with an affordability period of at least 30 years or more to— (i) make rental and homeownership units affordable to households; and (ii) stipulate a preemptive option to purchase the affordable rentals or homeownership units so that the affordability of the units is preserved for successive income-eligible households