Community Housing Development Organization. A community-based nonprofit organization certified by a participating jurisdiction (in rural areas, usually the state) as meeting requirements specified in the HOME regulations. CHDOs are eligible for some set-aside funding under the HOME program.
Community Housing Development Organization. A private nonprofit organization with a 501(c) federal tax exemption, a CHDO must also include providing decent, affordable housing to low-income households as its purpose in its charter, articles of incorporation, or by-laws. It must serve a specific, delineated geographic area; a neighborhood, several neighborhoods, or the entire community. Merely serving certain population groups (by ethnicity, race, age, or gender) does not qualify.
Community Home Development Organization
A private, non-profit development corporation that that meets a series of qualifications prescribed in the HOME regulations and has been designated by the local Participating Jurisditcion (city, county or state) to receive a set-aside of HOME program funds (see HOME below). 1/3 of the CHDO's board must represent low-income households. A participating jurisdiction must award at least 15 percent of its annual HOME allocation to CHDOs. CHDOs may own, develop, or sponsor HOME-financed housing.
an official designation of selected private nonprofit housing development corporations that meet requirements set by the U
a nonprofit agency that has among its purposes a commitment to provide decent and affordable housing to low-income residents and a history of serving low-income community residents
a private, community-based nonprofit organization which has among its purposes the provision of decent, affordable housing to low-income persons
a private non-profit community based service organization specifically organized to develop, own or sponsor affordable housing projects
a private non-profit community-based service organization that develops affordable housing for the community that it serves
a private, nonprofit community based service organization that provides affordable housing to the community that it serves
a special type of community-based non profit organization that develops reasonably priced housing
a special type of non-profit housing developer that is accountable to the low-income communities they serve
a specific type of local non-profit entity--a not-for-profit, community based service organization whose staff members have the capacity to develop affordable housing for the community it serves
A federally defined type of nonprofit housing provider that must receive a minimum of 15 percent of all Federal HOME Investment Partnership funds. The primary difference between CHDO and other nonprofits is the level of low-income resident participation on the Board of Directors.
or CHODO Community Housing Development Organizations.
Community-based Housing Development Organization
A federally defined type of nonprofit low- and moderate-income housing provider eligible to receive 15 percent of all federal HOME Investment Partnership funds for housing development and 5 percent of HOME funds for operating costs.