What financial impact do operations of a subsidiary, affiliate, or joint venture have on a PHA?
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Law
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CFR 24
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Housing and Urban Development
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Regulations Relating to Housing and Urban Development
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Office of Assistant Secretary for Public and Indian Housing, Department of Housing and Urban Development
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Public Housing Agency Consortia and Joint Ventures
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Subsidiaries, Affiliates, Joint Ventures in Public Housing
- What financial impact do operations of a subsidiary, affiliate, or joint venture have on a PHA?
Income generated by subsidiaries, affiliates, or joint ventures formed under the authority of this subpart is to be used for low-income housing or to benefit the residents assisted by the PHA. This income will not cause a decrease in funding provided under the public housing program, except as otherwise provided under the Operating Fund and Capital Fund formulas.
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