Community Housing Development Organizations (CHDOs) and the HOME ProgramThe CHDO program, a critical component of the HOME Investment Partnerships Program (HOME), plays a vital role in fostering affordable housing solutions in Ocean County. Through this program, a minimum of 15% of HOME funds is reserved for activities led by CHDOs—private, nonprofit, community-based organizations dedicated to addressing local housing needs.
These funds support organizations with the capacity, expertise, and commitment to develop affordable housing options for underserved populations.
Ocean County’s CHDO program has successfully funded transformative housing initiatives, including Hopes Crossing, Joan Valentine House, and Tudor Village. These developments exemplify the program's impact:
Hopes Crossing Offers affordable 1-, 2-, and 3-bedroom apartments, providing families with secure and reasonably priced housing.
Joan Valentine House Focuses on comprehensive resident care, integrating full housing provisions, coordination of physical and psychiatric health care, and a suite of supportive services.
Tudor Village A 12-unit affordable apartment building in Brick Township, serves veterans, families, and individuals with special needs. This development includes modern amenities like on-site laundry facilities, outdoor patios, and convenient access to public transportation, medical facilities, and community resources.
To fulfill the 15% set-aside requirement, CHDOs must serve as the owner, developer, or sponsor of projects that qualify as eligible set-aside activities.
These activities include:
- Acquisition and/or rehabilitation of rental housing
- New construction of rental housing
- Acquisition and/or rehabilitation of homebuyer properties
- New construction of homebuyer properties
For detailed regulations and requirements for CHDOs, refer to the following sections of 24 CFR 92 Subpart G:
- 24 CFR 92.208: Eligible CHDO operating expenses and capacity-building costs
- 24 CFR 92.300: Set-aside for community housing development organizations
- 24 CFR 92.301: Project-specific assistance to community housing development organizations
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