Macon Housing Development Corporation
Macon Housing Development Corporation
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About this organization
Revenue
$256,593
Expenses
$223,780
Mission
Macon Housing Development Corporation was organized to construct, own, and operate a 32-unit apartment community in Franklin, North Carolina, known as Oak Forest Apartments, pursuant to Section 223(f) of the National Housing Act, as amended. The corporation has entered into the standard FHA regulatory agreements governing the operation of the community with the Federal Housing Administration section of HUD. The corporation has entered into a housing assistance payment contract (HAP contract) with HUD. The HAP contract provides rent assistance for low income families (or persons) as provided by the Section 8 program of the National Housing Act.
About
Macon Housing Development Corporation was organized to construct, own, and operate a 32-unit apartment community in Franklin, North Carolina, known as Oak Forest Apartments, pursuant to Section 223(f) of the National Housing Act, as amended. The corporation has entered into the standard FHA regulatory agreements governing the operation of the community with the Federal Housing Administration section of HUD. The corporation has entered into a housing assistance payment contract (HAP contract) with HUD. The HAP contract provides rent assistance for low income families (or persons) as provided by the Section 8 program of the National Housing Act.
Interesting data from their 2020 990 filing
The filing reveals the mission of the non-profit as “Macon housing development corporation was organized to construct, own, and operate a 32-unit apartment community in franklin, north carolina, known as oak forest apartments, pursuant to section 223(f) of the national housing act, as amended. the corporation has entered into the standard fha regulatory agreements governing the operation of the community with the federal housing administration section of hud. the corporation has entered into a housing assistance payment contract (hap contract) with hud. the hap contract provides rent assistance for low income families (or persons) as provided by the section 8 program of the national housing act.”.
When detailing its functions, they were listed as: “Macon housing development corporation was organized to construct, own, and operate a 32-unit apartment community in franklin, north carolina, known as oak forest apartments, pursuant to section 223(f) of the national housing act, as amended. the corporation has entered into the standard fha regulatory agreements governing the operation of the community with the federal housing administration section of hud. the corporation has entered into a housing assistance payment contract (hap contract) with hud. the hap contract provides rent assistance for low income families (or persons) as provided by the section 8 program of the national housing act.”.
- According to the law, the state where the non-profit operates has been reported as NC.
- The filing specifies that the non-profit's address in 2020 was PO BOX 770, FRANKLIN, NC, 28734.
- As of 2020, the non-profit's form shows they have a total of 0 employees.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is $32,813.
- The organization has 7 independent voting members.
- The organization was formed in 1985.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.