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A
CHDO may obtain funding from a PJ in several different ways. CHDOs
may:
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Serve
as owners, developers, and
sponsors of projects undertaken with funds from a PJs required
15 percent set-aside for CHDOs. |
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Receive
special assistance, such as predevelopment loans, technical assistance
or operating funds, from a PJ that is not available to other types
of organizations. |
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Perform
certain services as contractors to PJs. |
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Contract
with PJs in the same ways as other nonprofit subrecipients. |
This
topic first explains the 15 percent set-aside
for CHDOs, then discusses the issue of "set-aside
recapture." In addition, this topic provides an in-depth
discussion of the various
CHDO roles when undertaking HOME-eligible activities
with the set-aside funds under the HOME Program.
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