What can CHDOs do with HOME funds?
Like any participating nonprofit developer in the HOME program CHDOs can use their funds for any eligible HOME activities: acquisition, rehab, construction, first-time homebuyer assistance, relocation, etc. However the only HOME activities that qualify for the CHDO set-aside are projects that are developed, sponsored, or owned by the CHDO. That means that the CHDO must be the hands-on developer of a HOME project, with the financial risk for the deal, and with effective management control of the fundamental decisions of development. In a federal Low Income Housing Tax Credit rental project, a CHDO, or its wholly owned-for-profit subsidiary (also eligible as a CHDO for HOME set-aside purposes), must be the managing general partner or co-managing general partner. CHDO set aside funds cannot be used for otherwise HOME-eligible tenant-based rental assistance.

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1. What is a CHDO?
2. Are there requirements for community participation in CHDO's?
3. What kind of experience does a CHDO have to possess?
4. Can local governments create CHDOs?
5. Can for-profit organizations create CHDO's?
6. Why should a participating jurisdiction work with CHDOs?
7. Is the PJ limited to only 15 percent for CHDOs?
8. Is nonprofit participation limited to the CHDO set-aside?
9. What can CHDOs do with HOME funds?
10. Can CHDOs do things that other HOME program participants cannot?
11. Are there additional eligible program uses for HOME funds in CHDO projects?
12. Who will pay a CHDO for carrying out CHDO set-aside projects?
13. Are there other benefits available to CHDOs?
14. Are there non-HOME benefits from becoming a CHDO?