Community Housing
Development Organizations
CHDOs are Special Nonprofits.
A Community Housing Development Organization (CHDO) is a private nonprofit, community-based, service organization that has, or intends to obtain, staff with the capacity to develop affordable housing for the community it serves.
To qualify as a CHDO, a nonprofit must demonstrate that it meets certain requirements regarding its:
• Legal and tax-exempt status
• Financial management capacity and accountability
• Staff capacity to carry out HOME-funded activities
• Experience serving the community
• Board representation by community members, with at least one-third of its members low-income
• Lack of for-profit or public control
At least 15% of the State’s annual HOME Investment Partnership Program funding is set-aside for CHDOs. The program helps communities, via housing developers, respond to housing issues and needs in underserved areas. Funds are awarded on a competitive basis annually. CHDOs may apply for deferred HOME loans to acquire, rehabilitate or construct rental housing.
