Profiles of Existing Government Corporations - US Government ...

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CORPORATION PROPILE
NW
HAMS: National corporation for Housing Partnership8 (NCHP)
PURPOSE: Encourag8 maximu participation by privat8 fnveS+OrS in
programs and projects to provide low and moderate income housing.
NCHP buys, owns, aanagos, loasr8, or otherviae acquires or
disposes housing dovelopmonto and projocts through partnership,
limited partnorshfps, and joint ventures with individuals,
corporations, agencies, and organizations. NCHP also makes loans
or grants to nonprofit organizations and lfmitod dividend
corporation and others.
LEG& AuTN0RxTY: 12 U.S.C. 3931-3940: District of Columbia
Business Corporation Act.
DATE CNZATZD: Augu8t 1, 1966; Decambor 16,198s (incorporated in
D.C.)
LECISUTPD T5aanATIom DATE: None specified in enabling
legislation.
LEGAL STATUS: Private for profit corporation
AGSNCY STATUS: Not an agency of the United States
SOARDO?DIRECPORI: The Board consists oi 1S merbors. Three
members are appointed by the Premident and the remaining twelve
members are l loctad by the stockholder8.
ADVISORY BOARD #fQmlms: NCHP may biro or accept the voluntary
services of advi8ory board8 to aid the Corporation in carrying
out its purpo8e8.
p-AG=cI: Nono 8pocified
APPILIATSDAG~CIKS: Und8r the Corporation's program8 of
acquimition and equity refinancing of govanment a8818t8d
hou8ing, both the National Houming Partner8hip (NHP) and the
Department of Housing and Urb8n Dovolopnnt (DUD) conduct a
d&ailed review of l aob project'8 physical and financial
condition to l n8ur8 adequate provisions are mada for rapairs and
maintmnancm. Al80, th8 Corporation u8as mortgage in8urance
provided by HUD to raducm mortgage financing cost8 and to
rehabilitate old multifamily houafng.
BoM;FT STATUS: NCHP f8 not included in the fedaral budget.
TREASURY STATUS: None 8pocified in enabling legislation
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