Definition
Private, nonprofit community-based organizations that are specifically organized to develop, own or sponsor affordable housing projects. In addition to being legally recognized as nonprofit corporations, CHDOs must have a board structure that reflects the community they intend to serve, have a stated commitment to development of affordable housing, be free of external controls from public or other nonprofit interests, have served the community in which they will undertake their housing development capacity for at least one year and have staff with demonstrated experience in the housing development area.
URL Name
TB-3000-1400
Third Level Code
TB-3000
Taxonomy Code
TB-3000.1400
Parent Code
TB-3000
Family Code
T
Second Level Code
TB
Fourth Level Code
TB-3000-1400
Use References
CHDOs, Housing Corporations
Publication Status
Draft