Mississippi Administrative Code
Title 6 - Economic Development
Part 4 - Community Services
Chapter 7 - HOME Program
Rule 6-4-7.3 - Requirements
Current through September 24, 2024
There are three specific requirements related to the organization's board, which must be evidenced in the organization's by-laws, charter, or articles of incorporation. These are:
A. Low Income Representation. At least Ms of the organization's board must be representatives of a low-income community served by the CHDO. The CHDO is required to certify the status of low-income representatives. There are three (3) methods to meet the HOME requirement that stipulates Ms of the organization's board be representatives of a low-income community serviced by the CHDO. If a potential board member fits one of the following descriptions, then he/she count towards fulfilling this requirement:
B. Public Sector Limitations. No more than Ms of the organization's board may be representatives of the public sector. States or local governments who charter CHDOs may not appoint more than Ms of the board, and the board members appointed by the state or local government may not appoint the remaining % of the board members. If a person qualifies as a low-income person and a public official, their role as a public sector representative supersedes their residency or income status. Therefore, the official counts toward the Ms public sector limitation.
C. For Profit Limitations. If a CHDO is sponsored by a for-profit entity, the for-profit may not appoint more than Ms of the board. The board members appointed by the for-profit may not appoint the remaining % of the board members.
42 USCA § 12701 et seq. ; Pub. L. 101 - 625, title I et seq. ; 24 CFR 92