Current through December 10, 2024
Rule 6-4-7.5 - Requirements for SponsorshipA. Control. The CFIDO is not controlled, nor receives directions from individuals or entities seeking profit from the organization, as evidenced by the organization's by-laws or a Memorandum of Understanding.B. Creation or Sponsorship by a For-Profit Entity. If sponsored or created by a for-profit entity, the for-profit entity's primary purpose does not include the development of management of housing, as evidenced in the for-profit organization's by-laws.C. Freedom to Contract for Goods and Services. If sponsored or created by a for-profit entity, the CUDO is free to contract for goods and services from vendor(s) of its own choosing, as evidenced by its by-laws, charter, or articles of incorporation.D. Sponsorship by a Religious Organization. If sponsored by a religious organization, the CUDO is a separate secular entity from the religious organization, with membership available to all persons, regardless of religion or membership criteria, as evidenced by its by-laws, charter, or articles of incorporation.42 USCA § 12701 et seq.; Pub. L. 101-625, title I et seq.; 24 CFR 92