1. How to become a
CHDO

2. HOME Investment Partnerships Program HUD Program 24 CFR 92
CHDO
HOME Investment Partnerships Program HUD Program 24 CFR 92

3. Community Housing Development Organization
CHDO
Community Housing Development Organization

4. 24 CFR (a)
The Fund must reserve not less than 15 percent of the HOME allocation for investment only in housing to be owned, developed or sponsored by CHDOs.

5. 24 CFR (a)
The Fund must certify the organization as meeting the definition of “community housing development organization” and must document that the organization has capacity to own, develop, or sponsor housing each time it commits funds to the organization.

6. $5,172,848 and $780,000 is in the CHDO set-aside
2018 HOME Award
$5,172,848 and $780,000 is in the CHDO set-aside

7. Certification Req’ments
Nonprofit organization organized under State laws
No part of net earning inures to the benefit of any member, founder, contributor, or individual

8. Certification Req’ments
Is tax exempt
Has among its purposes the provision of decent housing that is affordable to low-income people

9. Certification Req’ments
Conforms to the financial accountability standards of 24 CFR 84.21
Has demonstrated capacity for carrying out activities with HOME funds

10. Certification Req’ments
Has a history of serving the community where housing to be assisted with HOME funds will be produced

11. Certification Req’ments
Tri-part Board

12. Certification Req’ments
Maintains at least one-third of its governing board’s membership for residents of low-income neighborhoods, other low-income community residents, or elected representative of low-income neighborhood organizations

13. Certification Req’ments
Has no more than one-third of its governing board’s membership as public employees or publicly-appointed

14. Certification Req’ments
Provides a formal process for low-income, program beneficiaries to advise the organization in all of its decisions regarding the design, siting, development, and management of all HOME-assisted affordable housing projects

15. Certification Req’ments
Organization whose primary purpose is to provide and develop affordable housing

16. Certification Req’ments
Must have West Virginia office with staff and operating hours
Must have specific service area – not the entire state

17. Certification Information

18. 24 CFR (b)(2)
For all developers, CHDO or otherwise, the Fund’s underwriting includes

19. 24 CFR (b)(2)
An assessment, at minimum, of the current market demand in the neighborhood in which the project will be located, the experience of the developer, the financial capacity of the developer, and firm written financial commitments for the project.

20. CHDO Operating Expense Grant
HOME eligible activities per 24 CFR (a)(1)

21. CHDO Operating Expense Grant
. . . to provide for the payment of operating expenses of community housing development organizations. The housing must be permanent or transitional housing.

22. 24 CFR
Eligible community housing development organization (CHDO) operating expense

23. 24 CFR (a)
Up to 5 % of the Fund’s fiscal year HOME allocation may be used for the operating expenses of CHDOs. This amount is in addition to amounts set aside for housing projects that are owned, developed, or sponsored by CHDOs as described in §92.300(a).

24. 24 CFR (a)
These funds may not be used to pay operating expenses incurred by a CHDO acting as a subrecipient or contractor under the HOME Program.

25. 24 CFR (a)
Operating expenses means reasonable and necessary costs for the operation of the community housing development organization.

26. 24 CFR (a)
Such costs include salaries, wages, and other employee compensation and benefits; employee education, training, and travel; rent; utilities; communication costs; taxes; insurance; equipment; materials; and supplies.

27. $5,172,848 and $250,000 is earmarked for CHDO Operating Expense Grants
2018 HOME Award
$5,172,848 and $250,000 is earmarked for CHDO Operating Expense Grants

28. CHDO Operating Expense Grant
RFAs issued annually, usually summer
Current RFA permits grant request up to $50,000

29. 24 CFR (a)
. . . the agreement must provide that the community housing development organization is expected to receive funds for a project within 24 months of the date of receiving the funds for operating expenses . . .

30. RFA Highlights
Does your organization currently have an active project(s) funded with CHDO funds?
Does your organization anticipate the submission of an application within the next 24 months?

31. RFA Highlights
The Applicant must demonstrate a current and specific need for Grant Program funds in order to mitigate obstacles that interfere with the CHDO's ability to attain its affordable housing development goals.

32. RFA Highlights
Since HOME CHDO Operating Expense Grant funds are not guaranteed from year to year, describe your organizational plan to eliminate the need for CHDO Operating Expense Grant funds over the next 24 months.

33. Proposed project information
RFA Highlights
CHDO certification
Proposed project information

34. RFA Highlights
Request grant amount for reimbursement of Salary, Benefits (limited to 7.65% of salaries), Education/Training, and Travel.

35. HOME and HTF Mailing List
More information
HOME and HTF Mailing List

36. More information
Cathy Colby Senior Manager - HOME and HTF Programs

37. More information
Q & A