Dallas County receives about $800k per year in HOME funds and fifteen percent of that (about $120k per year) is set-aside for projects owned, developed, or sponsored by CHDOs.
What is a CHDO?
To qualify for certification as a CHDO, the organization must demonstrate that they meet the definition of a CHDO from the HOME Final Rule at 24 CFR 92.2, which includes the following key requirements:
- Organized as a private nonprofit under State or local laws;
- Holds a 501(c)(3) or 501(c)(4) IRS tax exemption or be a subordinate of an eligible organization;
- Not controlled by, nor under the direction of, individuals or entities seeking to derive profit or gain from the organization;
- Not a governmental entity, and not controlled by a governmental entity;
- Has standards of financial accountability and internal controls that comply with 2 CFR 200;
- Has among its purposes the provision of decent housing that is affordable to low and moderate income persons, as evidenced in its charter, articles of incorporation, resolutions or by-laws;
- Is accountable and involves low income target area residents in the design, siting, and development of CHDO programs and projects;
- Demonstrates capacity for carrying out housing projects assisted with HOME funds; and,
- Has a history of serving the community within which housing to be assisted with HOME funds is to be located.
Current Dallas County CHDO
Builders of Hope Community Development Corporation
603 Munger, Suite 100
Dallas, TX 75202
(214) 920-9850
https://www.bohcdc.com/
Become a CHDO and Funding Opportunities
Dallas County sets aside about $120k per year for CHDOs to develop affordable housing. These funds are made available to County certified CHDOs by application and request for proposals about every two years. The amount of funding available varies.
