24 C.F.R. § 943.144   What financial impact do operations of a subsidiary, affiliate, or joint venture have on a PHA?


Title 24 - Housing and Urban Development


Title 24: Housing and Urban Development
PART 943—PUBLIC HOUSING AGENCY CONSORTIA AND JOINT VENTURES
Subpart C—Subsidiaries, Affiliates, Joint Ventures in Public Housing

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§ 943.144   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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