[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: 24CFR943.142]



[Page 394]

 

                 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 C_Subsidiaries, Affiliates, Joint Ventures in Public Housing

 

Sec.  943.142  In what types of operating organizations may a PHA 

participate?



    (a) A PHA may create and operate a wholly owned or controlled 

subsidiary or other affiliate; may enter into joint ventures, 

partnerships, or other business arrangements with individuals, 

organizations, entities, or governmental units. A subsidiary or 

affiliate may be a nonprofit corporation. A subsidiary or affiliate may 

be an organization controlled by the same persons who serve on the 

governing board of the PHA or who are employees of the PHA.

    (b) The purpose of any of these operating organizations would be to 

administer programs of the PHA.