Community Housing Development Organization
Federal HOME funds have a component called the Community Housing Development Organization, also known as the CHDO. At least 15 percent of HOME funds must be set aside for specific activities to be undertaken by a special type of nonprofit called a Community Housing Development Organization.
CHDO SET-ASIDE REQUIREMENT
- A CHDO is a private, nonprofit, community-based service organization that has obtained or intends to obtain staff with the capacity to develop affordable housing for the community it serves.
- PJs must set aside a minimum of 15 percent of their HOME allocations for housing development activities in which qualified CHDOs are the owners, developers and/or sponsors of the housing. PJs must have a reasonable expectation of specific projects going forward.
CHDO QUALIFYING CRITERIA
A CHDO is a specific type of private nonprofit entity. CHDOs must meet certain requirements pertaining to their:
- Legal status;
- Organizational structure; and
- Capacity and experience.
For more information about applying to be a Polk County CHDO, contact Nancy Hurley, housing compliance manager for the Polk County Housing and Neighborhood Development office at (863) 534-5244, or (863) 534-5240.