Community Housing Development Organizations (CHDOs) are eligible for certain set-aside funding from the US Department of Housing and Urban Development’s (HUD) Home Investment Partnerships Program (HOME). In order to use CHDO set-aside funds, CHDOs must be owners, developers, or sponsors of HOME-assisted affordable housing.
The District of Columbia CHDO certification and funding processes are administered by DHCD. CHDO certification applications may be submitted anytime throughout the year. DHCD reserves the right to amend its policies and application process at any time. The HOME program is governed by federal regulations found in 24 CFR Part 92.
Why Form a CHDO?
CHDOs are established solely to provide access to a certain set-aside of federal HOME program funds. Federal regulations require the participating jurisdiction (PJ) to set aside 15% of each fiscal year’s HOME fund allocation specifically for CHDO development-related activities. CHDO funding may be available for the following types of activities:
Development projects: including new construction or acquisition and/or rehabilitation of rental housing, transitional housing units or single-family homes for homeownership opportunities (including project-specific down payment/closing cost assistance)
Operating funds: in conjunction with a development project
A CHDO certification does not guarantee that an entity will receive funds; it simply makes them eligible to apply and if funded, receive funding from the special CHDO set aside. Potential CHDOs will not be eligible to receive funding from the CHDO set-aside until they have met all of the CHDO requirements.
Questions regarding the CHDO certification process should be referred to Johnette Powell at (202) 442-7232 or email@example.com.