[Code of Federal Regulations]
[Title 24, Volume 1]
[Revised as of April 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR92.208]

[Page 605]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
PART 92_HOME INVESTMENT PARTNERSHIPS PROGRAM--Table of Contents
 
                     Subpart E_Program Requirements
 
Sec. 92.208  Eligible community housing development organization (CHDO) 
operating expense and capacity building costs.

    (a) Up to 5 percent of a participating jurisdiction's fiscal year 
HOME allocation may be used for the operating expenses of community 
housing development organizations (CHDOs). These funds may not be used 
to pay operating expenses incurred by a CHDO acting as a subrecipient or 
contractor under the HOME Program. Operating expenses means reasonable 
and necessary costs for the operation of the community housing 
development organization. Such costs include salaries, wages, and other 
employee compensation and benefits; employee education, training, and 
travel; rent; utilities; communication costs; taxes; insurance; 
equipment; materials and supplies. The requirements and limitations on 
the receipt of these funds by CHDOs are set forth in Sec. 92.300 (e) 
and (f).
    (b) HOME funds may be used for capacity building costs under Sec. 
92.300(b).