Are there non-HOME benefits from becoming a CHDO?
Currently working their way through HUD and the Office of Management and Budget (OMB) are regulations for the preservation of federally subsidized rental projects with expiring subsidies (known as Title VI or LIHPRHA). Under Title VI, organizations that qualify as community-based nonprofit organizations (CBNOs) can be eligible for special financial incentives (federal moneys covering transaction costs and subsidizing the acquisition price) as priority purchasers of expiring use projects. Under the legislation, CBNOs and CHDOs look almost identical. A functioning CHDO, therefore, might be able to qualify as a CBNO priority purchaser under Title VI.

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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?