04 NCAC 19S .0502           ELIGIBILITY REQUIREMENTS

Applications for CHDO program funds must show that:

(1)           CHDO funds will be invested only in housing to be developed, sponsored, or owned by the Community Housing Development Organization.

(2)           The CHDO applicant meets the requirements of Rule .0501 of this Section.

(3)           The CHDO has received written approval from the Department that the organization meets the Community Housing Development Organization (CHDO) definition under 24 CFR Part 92.2.

 

History Note:        Authority G.S. 143B‑10; 143B‑431; 24 C.F.R. Part 92;

Eff. November 2, 1992.