Follow HUD Rules When Doing Business with IOI Contractors or Vendors

April 26, 2012
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Like some sites, you might end up buying goods or services from an outside contractor or vendor that has close business ties to the site owner or managing agent. In these situations, the vendors or contractors are considered identity-of-interest (IOI) contractors.

HUD says that an identity-of-interest relationship exists between the site's staff and a vendor when the site's staff member, any officer, owner, or director of the vendor, or any person who directly or indirectly controls 10 percent or more of the site's voting rights is also:

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