42 USC 1437k - Consortia, joint ventures, affiliates, and subsidiaries of public housing agencies

U.S Code last checked for updates: May 16, 2024

§ 1437k.

Consortia, joint ventures, affiliates, and subsidiaries of public housing agencies

(a)

Consortia

(1)

In general

(2)

Effect

With respect to any consortium described in paragraph (1)—

(A)

any assistance made available under this subchapter to each of the public housing agencies participating in the consortium shall be paid to the consortium; and

(B)

all planning and reporting requirements imposed upon each public housing agency participating in the consortium with respect to the programs operated by the consortium shall be consolidated.

(3)

Restrictions

(A)

Agreement

(B)

Minimum requirements

(b)

Joint ventures

(1)

In general

Notwithstanding any other provision of law, a public housing agency, in accordance with the public housing agency plan, may—

(A)

form and operate wholly owned or controlled subsidiaries (which may be nonprofit corporations) and other affiliates, any of which may be directed, managed, or controlled by the same persons who constitute the board of directors or similar governing body of the public housing agency, or who serve as employees or staff of the public housing agency; or

(B)

enter into joint ventures, partnerships, or other business arrangements with, or contract with, any person, organization, entity, or governmental unit—

(i)

with respect to the administration of the programs of the public housing agency, including any program that is subject to this subchapter; or

(ii)

for the purpose of providing or arranging for the provision of supportive or social services.

(2)

Use and treatment of income

Any income generated under paragraph (1)—

(A)

shall be used for low-income housing or to benefit the residents assisted by the public housing agency; and

(B)

shall not result in any decrease in any amount provided to the public housing agency under this subchapter, except as otherwise provided under the formulas established under section 1437g(d)(2) and 1437g(e)(2) of this title.

(3)

Audits

(Sept. 1, 1937, ch. 896, title I, § 13, as added Pub. L. 96–153, title II, § 209, Dec. 21, 1979, 93 Stat. 1109; amended Pub. L. 96–399, title II, § 202(b), Oct. 8, 1980, 94 Stat. 1629; renumbered title I, Pub. L. 100–358, § 5, June 29, 1988, 102 Stat. 681; Pub. L. 105–276, title V, § 515, Oct. 21, 1998, 112 Stat. 2549.)

cite as: 42 USC 1437k