CHDO
What Is a CHDO?
A Community Housing Development Organization (CHDO) is a private, nonprofit, organization that meets a series of qualifications prescribed in the HOME regulations. A minimum of 15% of each HOME allocation must be reserved by a Participating Junction (PJ) for CHDO activities.A CHDO is defined as a private nonprofit organization that meets the following qualifications:
- Is organized under state or local laws
- Has no part of its net earnings inuring to benefit of any member, founder, contributor, or individual
- Has 501c(3) status
- Does not include a public body (no more than one third of board's membership for residents of low-income neighborhoods)
- Has standards of financial accountability
- Has among its purposes the provision of affordable housing for low- to moderate-income persons as evidenced in its charter, articles of incorporation, resolution, or bylaws
- Maintains accountability to low-income community residents of low-income neighborhoods
- Has a demonstrated capacity for carrying out activities assisted with HOME funds
- Has a history of serving the community within which housing to be assisted with HOME funds to be located
CHDOs in Our Area
The following CHDOs are in our area:- 30901 Development Corporation
- Laney Walker Development
- Antioch Ministries
- East Augusta Community Development
- Promise Land
- Sand Hills Community Development