Laserfiche WebLink
<br />78 <br />Page 26 <br /> <br />5. If your CHDO is sponsored/created by a for-profit entity, HOME rules say that the for-profit may not appoint more <br />than one-third of the CHOO's governing body; and these governing bOdy members cannot appoint the other 2/3 of <br />the Board. <br /> <br />o Not applicable <br />o See documentation evidencing this rule. Indicate what documentation is being provided and where in the <br />document this is to be found: <br /> <br />d. AefdGoifShlifwfth For~Prc)fltEritltt. , O'Cheekh:ere Ifthl~ section Is notappUtable <br /> <br />1. CHDOs cannot be controlled, nor receive directions from individuals or entities seeking profit from the organization. <br /> <br />o See documentation evidencing this rule. Indicate what documentation Is being provided and where in the <br />document this is to be found: <br /> <br />2. CHOOs may be sponsored or created by a for-profit entity, however the for-profit's primary purpose does not include <br />the development or management of housing. <br /> <br />o See documentation evidencing this rule. Indicate what"documentation Is being provided and where in the <br />document this is to be found: <br /> <br />3. CHDOs are free to contract for goods and services from vendor(s) of its own choosing. <br /> <br />OSee documentation'evidencing this rule. Indicate what documentation is being provided and where in the <br />document this is to be found: <br /> <br />Program Guidel ines for Funding of Housing Development Activities FY 2009-10 <br /> <br />19 <br />