6 Miss. Code. R. 4-7.11 - Additional Considerations for Activities

A. Portfolio. The organization's portfolio of projects and properties should evidence competent management and oversight.

B. Previous Performance. The organization should have exhibited competence with any previous CHDO activities.

C. Management Capacity. The organization's management should have the capacity and ability to manage additional development activities.

D. Procedures. There should be policies and procedures in place to govern development activities.

E. Project management. The organization should have procedures for monitoring the progress of a project and the capacity to monitor project-level cash flow and schedules.

F. Personnel. There should be staff that is assigned responsibilities for housing G. development and personnel policies and job descriptions should be clear.

G. Staff Skills. The strength of staff in the following areas shall be considered:

(i). Legal/financial aspects of housing development

(ii). Management of real estate development

(iii).Oversight of design & construction management

(iv).Marketing, intake

(v). Property management (if applicable)

H. Training. Staff should be encouraged to obtain training and develop skills.

I. Member involvement. The organization's membership should be active and in

J. Support of the organization's housing activities.

K. Use of consultants. To what extent the CHDO has access to and makes use of qualified development consultants shall be considered, as well as how these consultants interact with staff.

L. Funding access. The organization should have the ability to raise funds for the capital requirements of a project.

Notes

6 Miss. Code. R. 4-7.11

42 USCA § 12701 et seq.; Pub. L. 101-625, title I et seq.; 24 CFR 92