California Code of Regulations
Title 25 - Housing and Community Development
Division 1 - Housing and Community Development
Chapter 7 - Department of Housing and Community Development Programs
Subchapter 3 - Farmworker Housing Grant Program
Article 2 - Program Requirements
Section 7205.2 - Nonprofit Corporation Eligibility Requirements
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
For all applicants, where a nonprofit corporation is part of the ownership structure, the involved nonprofit corporation shall meet the following requirements:
(a) The articles and by laws shall clearly demonstrate that the corporation's authorized mission includes the provision of affordable or low-income housing.
(b) Any fees earned as a general partner shall remain with the corporation. No fees shall be assigned to a for-profit organization.
(c) The partnership agreement shall be structured to permit the nonprofit corporation to eventually purchase the rental housing development.
1. New section filed 4-2-2008; operative 5-2-2008 (Register 2008, No. 14).
Note: Authority cited: Sections 50406 and 50517.5, Health and Safety Code. Reference: Section 50517.5, Health and Safety Code.
