[Code of Federal Regulations]
[Title 24, Volume 3]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR594.5]

[Page 292]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
  CHAPTER V--OFFICE OF ASSISTANT SECRETARY FOR COMMUNITY PLANNING AND 
        DEVELOPMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 594_JOHN HEINZ NEIGHBORHOOD DEVELOPMENT PROGRAM--Table of Contents
 
                          Subpart B_Eligibility
 
Sec. 594.5  Eligible applicants.


    (a) General requirements. To be eligible under this program, a 
neighborhood development organization must be located within the 
neighborhood for which assistance is to be provided. It cannot be a 
city-wide consortium, or, in general, an organization serving a large 
area of the city. The applicant must meet all of the following 
requirements:
    (1) The organization must be incorporated as a private, voluntary, 
nonprofit corporation under the laws of the State in which it operates;
    (2) The organization must be responsible through a governing body to 
the residents of the neighborhood it serves, and not less than 51 
percent of the members of the governing body must be residents of the 
neighborhood;
    (3) The organization must have conducted business for at least one 
year;
    (4) The organization must operate within an area that meets at least 
one of the following criteria:
    (i) The area meets the requirements for Federal assistance under 
section 119 of the Housing and Community Development Act of 1974, 42 
U.S.C. 5318;
    (ii) The area is designated as an Enterprise Community or 
Empowerment Zone under Federal law as enacted;
    (iii) The area is designated as an enterprise zone under State law 
and is recognized by the Secretary as a State enterprise zone for 
purposes of this part; or
    (iv) The area is a qualified distressed community within the meaning 
of section 233(b)(1) of the Bank Enterprise Act of 1991, 12 U.S.C. 
1834a(b)(1); and
    (5) The organization must have conducted one or more eligible 
neighborhood development activities that primarily benefit low- and 
moderate-income persons.
    (b) Special eligibility. Any facility that provides small 
entrepreneurial business with affordable shared support services and 
business development services and that meets the requirements of 
paragraph (a) of this section may also be eligible to participate in 
this program.