[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: 24CFR943.144]



[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.  943.144  What financial impact do operations of a subsidiary, 

affiliate, or joint venture have on a PHA?



    Income generated by subsidiaries, affiliates, or joint ventures 

formed under the authority of this subpart is to be used for low-income 

housing or to benefit the residents assisted by the PHA. This income 

will not cause a decrease in funding provided under the public housing 

program, except as otherwise provided under the Operating Fund and 

Capital Fund formulas.