As previously announced (see Memo, 2/29 and 3/7), HUD will hold 11 two-day courses about the HOME Investment Partnerships (HOME) program’s Community Housing Development Organization (CHDO) regulatory requirements. The courses are targeted to representatives of prospective CHDOs and new staff of existing CHDOs. Four additional dates have been announced: Albuquerque, NM, April 26-27; Salt Lake City, UT, April 26-27; Jackson, MS, May 3-4; and Seattle, WA, May 18-19.
Previously announced courses include: Richmond, VA, March 16-17; Buffalo, NY, March 29-30; Omaha, NE, April 5-6; Minneapolis, MN, April 12-13; and Phoenix, AZ, April 12-13.
The statute creating the HOME program sets aside 15% of a Participating Jurisdiction’s (PJ’s) HOME allocation exclusively for CHDOs. CHDOs are nonprofits that have boards of directors with significant low-income community resident representation to whom they are accountable.
Each course will cover:
- The relationship between CHDOs and PJs;
- The criteria an organization must meet to be designated a CHDO;
- Regulatory requirements regarding the development of rental and for-sale housing;
- The definition of a CHDO as a housing owner, sponsor, or developer; and
- The incentives a PJ may provide to a CHDO, such as operating assistance (up to 5% of a PJ’s allocation), pre-development cost assistance, and use of CHDO proceeds.
Register for the courses at: http://bit.ly/1LFvbeU.
An additional course will be held in Newark, NJ at a date to be announced on the HUD Exchange Trainings and Events website: http://bit.ly/24sVEmf.
For more information contact Beth Lindow at [email protected].