Community Housing Development Organizations (CHDO)
Nonprofit organizations can play key roles in the improvement of their communities. One special type of nonprofit group, called a Community Housing Development Organization (CHDO), is particularly suited to address affordable housing needs at the local level.
CHDO's operate through the HOME Investment Partnerships Program, which is a federally funded housing program created in 1990 as part of the Cranston-Gonzalez National Affordable Housing Act. The HOME program is intended to create partnerships among federal, state and local governments and for-profit and nonprofit organizations who build, own manage, finance and support low-income housing.
Funds are allocated to state and local governments on a needs-based formula. A minimum of 15 percent of all HOME funds must be set aside for CHDO's. MFA has been designated to administer CHDO's in New Mexico, except in Albuquerque and Las Cruces. HOME funds are allocated for rental development, tax credits, rental incentives and other uses deemed necessary by MFA.
CHDO RFP
CHDO Budget Amendment Request Form
For more information contact:
Laurie Linden
llinden@housingnm.org
Program Specialist
(505) 767-2260
Fax: (505) 242-2766
