1、413 PART 4100ORGANIZATION AND CHANNELING OF FUNCTIONS Sec. 4100.1 Functions and activities. 4100.2 General organization. 4100.3 Field activities. 4100.4 Inquiries. AUTHORITY: Title VI, Pub. L. 95557, 92 Stat. 2115 (42 U.S.C. 8101 et seq.); as amended by sec. 315, Pub. L. 96399, 94 Stat. 1645; sec. 7
2、10, Pub. L. 97320, 96 Stat. 1544; and sec. 520, Pub. L. 100242, 101 Stat. 1815. SOURCE: 49 FR 12700, Mar. 30, 1984, unless otherwised noted. 4100.1 Functions and activities. (a) General statement. The Neighbor-hood Reinvestment Corporation (re-ferred to in this part as the Corporation) was establish
3、ed by Congress in the Neighborhood Reinvestment Corpora-tion Act (title VI of the Housing and Community Development Amendments of 1978, Pub. L. 95557, October 31, 1978). The Corporation is not a department, agency, or instrumentality of the Fed-eral Government. (b) The Corporation is authorized to r
4、eceive and expend Federal appropria-tions and other public and private reve-nues to conduct a variety of programs designed primarily to revitalize older urban neighborhoods by mobilizing public, private, and community re-sources at the neighborhood level. These programs include: (1) Neighborhood Hou
5、sing Services. The major effort of the Corporation is to assist local communities in the devel-opment, expansion and provision of technical services to local Neighbor-hood Housing Services (NHS) pro-grams. NHS programs are based upon partnerships of community residents, and representatives of local
6、govern-ments and financial institutions. Each local program is administered by an autonomous, private, non-profit cor-poration, and conducts a comprehen-sive revitalization effort in locally se-lected neighborhoods. Services to neighborhood residents include reha-bilitation counseling, construction
7、as-sistance, financial counseling, loan re-ferrals and loans at flexible rates and terms to homeowners who do not meet private lending criteria. Programs and strategies to remove blighting influ-ences, obtain improved public services and amenities, and improve the neigh-borhoods image and the functi
8、oning of its real estate market are also under-taken. To insure the continuing effec-tiveness of NHS programs, the Corpora-tion provides grants, training, informa-tion and technical services to NHS pro-grams. (2) Mutual Housing Associations. The Corporation also supports the organiza-tional developm
9、ent of, and provides technical assistance to, Mutual Hous-ing Associations. Mutual Housing As-sociations are private, nonprofit orga-nizations which own, manage and con-tinually develop affordable housing. Mutual Housing residents are members of the Association which owns and manages their buildings
10、; thus they enjoy the security of long-term hous-ing tenure. Mutual Housing develop-ments are capitalized through up-front grants and mortgages in a combination that ensures permanent affordability to low- and moderate-income families. Monthly housing charges to residents are kept at affordable leve
11、ls on a con-tinuing basis. A key element of Mutual Housing is the Associations commit-ment to use all resources in excess of operating and maintenance costs for the production of additional units. A Mutual Housing Associations board of directors includes current member- residents, potential resident
12、s, and rep-resentatives from the community, local government and business. Resi-dents and community members make up the majority on the board. A highly qualified professional staff, employed by the Mutual Housing Association, carries out the day-to-day activities of the organization. In addition to
13、cre-ating new affordable housing opportu-nities, Mutual Housing Associations offer a creative alternative for sub-sidized rental housing developments whose subsidies are scheduled to ex-pire. (3) Neighborhood preservation projects. The Corporation identifies, monitors, evaluates and supports through
14、 dem-onstration grants and technical assist-ance other promising neighborhood preservation strategies based on local, public-private partnerships. VerDate Mar2010 14:09 May 05, 2010 Jkt 220081 PO 00000 Frm 00423 Fmt 8010 Sfmt 8010 Y:SGML220081.XXX 220081cprice-sewell on DSK89S0YB1PROD with CFRProvid
15、ed by IHSNot for ResaleNo reproduction or networking permitted without license from IHS-,-,-414 24 CFR Ch. XXV (4110 Edition) 4100.1 (4) Programmatic supplements. Proven, replicable programmatic tools are of-fered as broadly as resources permit. Often, these selected strategies are supported by Neig
16、hborhood Reinvest-ment grants. The Corporations major programmatic supplements include the following: (i) Neighborhood economic development and commercial revitalization strategies. The Corporations neighborhood eco-nomic development and commercial re-vitalization strategies offer NHSs a va-riety of
17、 tools designed to stabilize and enhance the economic base of NHS neighborhoods. They complement NHSs revitalization mission by focus-ing the energies and resources of the partnership on the economic issues un-derlying neighborhood decline. Neigh-borhood economic development and commercial revitaliz
18、ation assures a viable neighborhood economy by strengthening small businesses and im-proving the physical environment of the area, thus providing additional goods, services, and employment oppor-tunities for the community. (ii) Housing Development Strategies. The Corporations Housing Develop-ment St
19、rategies program addresses the shortage of affordable, quality housing available to low to moderate income families in NHS neighborhoods, as well as the blighting effect of vacant lots and substandard properties. Home own-ership opportunities are created through the planning and implementa-tion of a
20、 variety of housing mecha-nisms by the NHS, which are intended to reverse negative real estate market trends, enhance new residential growth, and create renewed neighbor-hood pride. The mechanisms being used to achieve these goals include the fol-lowing. (A) The Owner Built Housing pro-gram is a sup
21、ervised housing construc-tion process that helps moderate-in-come homeowners to collectively build their own homes. The NHS provides technical assistance while private lend-ers and public bodies providing financ-ing. (B) The Owner Rehab Housing pro-gram assists low to moderate income families in col
22、lectively rehabilitating existing blighted and vacant struc-tures. (C) The Infill Housing program pro-vides a mechanism for assisting NHSs in building new units on vacant land to meet the needs of prospective lower in-come homeowners. (D) The Urban Subdivisions program focuses on providing low cost,
23、 new housing for low-to-moderate income families on tracts of land suitable for the construction of 20 or more units. (iii) Problem properties strategies. This program assists NHSs in addressing specific problem areas beyond the scope of basic NHS services and typical financial resources. Through th
24、e imple-mentation of various problem prop-erties strategies, NHS programs are able to assist tenants to purchase, im-prove the physical condition of target blocks, eliminate vacant neighborhood eyesores, develop housing and service facilities for special populations, and stimulate private reinvestme
25、nt and new conventional mortgages in the NHS community. (5) Apartment Improvement Program. The goal of the Apartment Improve-ment Program is to provide an effec-tive, economical means of revitalizing and preserving neighborhoods with multi-family housing for the benefit of the current residents. The
26、 program is based upon a partnership of tenants and community representatives, prop-erty owners and managers, financial institutions and local government. The program assists in the development of an individually tailored improvement plan of activities from which each building may benefit, including
27、 tenant participation, tax assessment reviews, and increased investment or restruc-tured mortgages to improve the eco-nomic viability of the buildings and to finance improvements. (6) Neighborhood Housing Services of America. The Corporation also supports Neighborhood Housing Services of America (NH
28、SA), an independent, pri-vate, non-profit corporation which pro-vides a variety of services to local NHS programs, including a secondary mar-ket for NHS revolving loan fund loans, and the strengthening of private sector resources available to the network of local NHSs. 49 FR 12700, Mar. 30, 1984, as
29、 amended at 54 FR 13061, Mar. 30, 1989 VerDate Mar2010 14:09 May 05, 2010 Jkt 220081 PO 00000 Frm 00424 Fmt 8010 Sfmt 8010 Y:SGML220081.XXX 220081cprice-sewell on DSK89S0YB1PROD with CFRProvided by IHSNot for ResaleNo reproduction or networking permitted without license from IHS-,-,-415 Neighborhood
30、 Reinvestment Corporation 4100.3 4100.2 General organization. (a) The Board of Directors. (1) The Cor-poration is under the direction of a Board of Directors composed of six members: the Chairman of the Federal Home Loan Bank Board or a member of the Federal Home Loan Bank Board designated by the Ch
31、airman; the Sec-retary of Housing and Urban Develop-ment; the Chairman of the Board of Governors of the Federal Reserve Sys-tem, or a member of the Board of Gov-ernors of the Federal Reserve System designated by the Chairman; the Chair-man of the Federal Deposit Insurance Corporation or the appointi
32、ve member of the Board of Directors of the Federal Deposit Insurance Corporation if so designated by the Chairman; the Comp-troller of the Currency; and the Chair-man of the National Credit Union Ad-ministration, or a member of the Board of the National Credit Union Adminis-tration designated by the
33、 Chairman. Members of the Board serve without additional compensation. The Board elects from among its members a Chairman and Vice-Chairman. The By-laws of the Corporation provide for the creation of an Audit Committee, and such other committees as the Board may from time to time establish. (2) The
34、Board holds an Annual Meet-ing each year during the month of May (or as the Bylaws or the Board may specify). The Board also holds regular meetings at least quarterly and special meetings as required. The meetings of the Board are conducted in accordance with provisions of the Neighborhood Reinvestm
35、ent Corporation Act, the Government in the Sunshine Act (5 U.S.C. 552b), the Corporations Bylaws, and when not inconsistent with the foregoing, with Roberts Rules of Order. Every portion of every meeting of the Board is open to public observa-tion except as provided by the Govern-ment in the Sunshin
36、e Act. Interested members of the public may attend such meetings, but may not participate therein unless invited or permitted to do so by the Board. (3) The Secretary of the Corporation, in consultation with the Corporations General Counsel, is responsible for tak-ing such steps as are required to e
37、nsure the Corporations compliance with the Government in the Sunshine Act, as that Act may be amended from time to time. Consistent with this responsi-bility, the Secretary of the Corporation provides to the Communications De-partment at the principal office of the Corporation such records as the Ac
38、t re-quires to be made available to the pub-lic for access during regular office hours on regular business days. (b) The Officers. (1) The officers of the Corporation are the Executive Direc-tor, the Deputy Executive Director, the Secretary, the Treasurer, and such other officer positions as the Boa
39、rd may, in consultation with the Execu-tive Director, create. The Board elects the officers of the Corporation annu-ally. (2) The Neighborhood Reinvestment Corporation Act provides that the Ex-ecutive Director shall serve as the chief executive officer of the Corpora-tion. Consistent with that autho
40、rity, the Corporations Bylaws provide that the Executive Director shall have the responsibility and authority for the day-to-day administration of the af-fairs of the Corporation under the gen-eral supervision of the Board. The Board periodically reviews the activi-ties of the Executive Director and
41、, from time to time, provides guidance and policy direction to the Executive Director in the exercise of his or her authority. (3) The responsibilities and authori-ties of the other officers of the Cor-poration are set forth in the Corpora-tions Bylaws, resolutions and policies adopted by the Board,
42、 duties and au-thorities delegated to each officer, other statutes and this statement. (See, for example, the Government in the Sunshine Act and paragraph (a)(3) of this section for specific duties of the Secretary and General Counsel.) (c) Principal office. The Corporation maintains its principal o
43、ffice in the District of Columbia. Currently, the principal office is maintained at 1325 G Street NW., Suite 800, Washington, DC 20005. 49 FR 12700, Mar. 30, 1984, as amended at 54 FR 13062, Mar. 30, 1989 4100.3 Field activities. The Corporation conducts its field activities from district and field
44、offices around the country. District offices VerDate Mar2010 14:09 May 05, 2010 Jkt 220081 PO 00000 Frm 00425 Fmt 8010 Sfmt 8010 Y:SGML220081.XXX 220081cprice-sewell on DSK89S0YB1PROD with CFRProvided by IHSNot for ResaleNo reproduction or networking permitted without license from IHS-,-,-416 24 CFR
45、 Ch. XXV (4110 Edition) 4100.4 provide coordination of field activities in support of local programs within the geographic limits of each district. Field offices within each district pro-vide assistance in the development and support of local programs. A current directory of all district and field o
46、ffices can be obtained upon request from the Communications Department, Neigh-borhood Reinvestment Corporation, 1325 G Street NW., Suite 800, Wash-ington, DC 20005. 49 FR 12700, Mar. 30, 1984, as amended at 54 FR 13061, Mar. 30, 1989 4100.4 Inquiries. (a) General. All requests for informa-tion, form
47、s, and records should be ad-dressed to: Communications Depart-ment, Neighborhood Reinvestment Cor-poration, 1325 G Street NW., Suite 800, Washington, DC 20005. (b) Applications. Applications for the Corporations assistance in the devel-opment of NHS programs and com-plementary programs and strategie
48、s, or the support of other promising neigh-borhood strategies are accepted on an ongoing basis. Local governmental or nonprofit entities should submit com-pleted applications (forms are available upon request), including supportive materials, to the Corporation at the address stated in paragraph (a)
49、 of this section. The Corporation reviews appli-cations to determine their readiness for development or support. Promising applications are selected for field re-views. Subject to the availability of the Corporations resources, the Cor-poration may enter into agreements with top ranking applicants to provide financial and technical assistance in the development or support of selected programs. The application form con-tains a list of the criteria used for d
