Tweet
There are separate pools for non-profit and CommunityThe One Condos Housing Development Organizations (CHDO), public housing agencies, rural projects, and general LIHTC allocations. Most of the designations are self-explanatory.
A CHDO is, according to the Department of Housing and Urban Development's (HUD) web site: "a private nonprofit, community-based service organization whose primary purpose is to provide and develop decent affordable housing for the community it serves." CHDO's can be founded by for-profit organizations and business entities, but those entities cannot have a direct interest in housing development. In other words, a CHDO cannot be founded by a developer, construction company, housing management company, or a real estate agent or firm.
A CHDO is, according to the Department of Housing and Urban Development's (HUD) web site: "a private nonprofit, community-based service organization whose primary purpose is to provide and develop decent affordable housing for the community it serves." CHDO's can be founded by for-profit organizations and business entities, but those entities cannot have a direct interest in housing development. In other words, a CHDO cannot be founded by a developer, construction company, housing management company, or a real estate agent or firm.