[Code of Federal Regulations]

[Title 24, Volume 4]

[Revised as of April 1, 2006]

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

[CITE: 24CFR943.118]



[Page 392]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

CHAPTER IX--OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, 

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 943_PUBLIC HOUSING AGENCY CONSORTIA AND JOINT VENTURES--Table of 

Contents

 

                           Subpart B_Consortia

 

Sec.  943.118  What is a consortium?



    A consortium consists of two or more PHAs that join together to 

perform planning, reporting, and other administrative or management 

functions for participating PHAs, as specified in a consortium 

agreement. A consortium also submits a joint PHA Plan. The lead agency 

collects the assistance funds from HUD that would be paid to the 

participating PHAs for the elements of their operations that are 

administered by the consortium and allocates them according to the 

consortium agreement. The participating PHAs must adopt the same fiscal 

year so that the applicable periods for submission and review of the 

joint PHA Plan are the same. Notwithstanding any other regulation, PHAs 

proposing to form consortia may request and HUD may approve changes in 

PHA fiscal years to make this possible.