; (B) the right to enforce any contract described in subparagraph (A) by any means determined appropriate by the Secretary; or (C) any ownership rights of the Secretary, as applicable, in notes, certificates, or other obligations guaranteed under this section, or constituting the trust or pool against which trust certificates, or other obligations guaranteed under this section, are offered. . III Reforms relating to community housing development organization and nonprofit participation 301. Modification of rules related to community housing development organizations (a) Definitions of community housing development organization and community land trust (1) In general Section 104 of the Cranston-Gonzalez National Affordable Housing Act ( 42 U.S.C. 12704 ) is amended— (A) in paragraph (6)(B)— (i) by striking significant ; and (ii) by striking and otherwise and inserting or as otherwise determined acceptable by the Secretary ; and (B) by adding at the end the following: (26) The term community land trust means a nonprofit entity or a State or local government or instrumentality thereof that— (A) is not sponsored by a for-profit organization; (B) has as a primary purpose the provision and maintenance of housing that provides long-term affordability for low- and moderate-income persons; (C) provides housing described in subparagraph (B) using a ground lease, deed covenant, or other similar legally enforceable measure, as determined by the Secretary, that— (i) keeps the housing affordable to low- and moderate-income persons for not less than 30 years; and (ii) enables low- and moderate-income persons to purchase the housing for homeownership