Consortia, joint ventures, affiliates, and subsidiaries of public housing agencies

Any 2 or more public housing agencies may participate in a consortium for the purpose of administering any or all of the housing programs of those public housing agencies in accordance with this section. With respect to any consortium described in paragraph (1)— Each consortium described in paragraph (1) shall be formed and operated in accordance with a consortium agreement, and shall be subject to the requirements of a joint public housing agency plan, which shall be submitted by the consortium in accordance with section 1437c–1 of this title. The Secretary shall specify minimum requirements relating to the formation and operation of consortia and the minimum contents of consortium agreements under this paragraph. Notwithstanding any other provision of law, a public housing agency, in accordance with the public housing agency plan, may— enter into joint ventures, partnerships, or other business arrangements with, or contract with, any person, organization, entity, or governmental unit— Any income generated under paragraph (1)— The Comptroller General of the United States, the Secretary, or the Inspector General of the Department of Housing and Urban Development may conduct an audit of any activity undertaken under paragraph (1) at any time.