Exception for certain housing bonds
For purposes of clause (i), the term “private activity bond” shall not include any bond issued after the date of the enactment of this clause if such bond is—
(I)#
an exempt facility bond issued as part of an issue 95 percent or more of the net proceeds of which are to be used to provide qualified residential rental projects (as defined in section 142(d)),
(II)#
a qualified mortgage bond (as defined in section 143(a)), or
(III)#
a qualified veterans’ mortgage bond (as defined in section 143(b)).