Does this contract clause/contingency look familiar to anyone?

[Jazmine S.]

"Purchaser further agrees that it will not enter into any contract for deed or lease with option to purchase agreements regarding the Property, unless Purchaser is a non-profit organization or has obtained Fannie Mae’s prior written consent."

I assume this is saying that the buyer is not able to sell the property to anyone other than a non-profit, and the "option to purchase agreements" part is referring to going under contract correct?