Community Housing Development Organization
Community Housing Development Organizations
The HOME program, established under Title II of the National Affordable Housing Act, is the source of funding for Community Housing Development Organizations (CDDO's). The HOME program is administered by the U.S. Department of Housing and Urban Development (HUD)in partnership with local governments. The City of Wichita Falls as a Participating Jurisdiction (PJ) is required to set aside a minimum of 15% of their HOME allocation for housing development activities in which qualified CDHO's are the owners, developers and/or sponsors of affordable housing.
What is a Community Housing Development Organization? A CDHO is a City designated, not-for-profit, community-based service organization that has, or intends to retain staff for the purpose of developing affordable or mixed-income housing in the community it serves.