Code of Federal Regulations (alpha)

CFR /  Title 24  /  Part 943  /  Sec. 943.144 What financial impact do operations of a subsidiary,

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.