[Code of Federal Regulations]

[Title 24, Volume 1]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR92.208]



[Page 609-610]

 

                 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,



[[Page 610]]



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).