Community Housing Development Organizations (CHDOs)
The HOME Regulations require that at least 15% of the total HOME allocation be set-aside for Community Housing Development Organizations (CHDOs). This funding provides eligible non-profit organizations that act in the capacity of Owner and/or Developer to undertake HOME activities in the development of low-income housing or substantial rehabilitation of multi-family rental units.
Access to the CHDO Set-Aside begins with a proposal stage and review of eligibility requirements of the non-profit organization. If the non-profit is deemed eligible according to CHDO requirements and the project proposal then an application requesting funding with detailed information will be invited.
Organizations eligible to receive CHDO Set-aside funding through the Home Investment Partnerships Program (HOME) are non-profit and for-profit organizations with demonstrated development and capacity with creating, rehabilitating, or preserving affordable housing. The eligible activities are construction, acquisition and or rehabilitation of rental housing development and single-family homeownership housing. Eligible project types are multi-family and single-family rental housing.
Rental housing needs of extremely low to very-low income households.
Target at least 10% of units in each property to address prevention, reduction, and expansion of permanent housing opportunities for persons experiencing homelessness and persons with serious mental illness.
Be located within priority areas defined by the State’s Consolidated Plan and/or low and high opportunity areas.
Documented need for rental housing affordable to extremely low-income households in the market area served by the property.
Maximum Award per applicant is up to $1 million with the final amount determined by reviewing the financial feasibility of the project including operating revenues.
The application process consists of two steps:
1) Threshold Review - An application must meet all threshold requirements in order to be eligible for reservation of CHDO Set-aside funds.
2) Application Scoring – An application must score a minimum of 75 on a 100 point scale to be considered for a HOME Award. Applications are scored based on selection criteria.