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Converting an Ordinary Nonprofit into a Community Housing Development Organization (CHDO) (for partnerships with local government in the use of federal "HOME" dollars)

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WHAT IS A CHDO? CHDOs are ordinary nonprofit corporations that happen to fit the description of a CHDO contained in the federal regulations. Click Here to view that regulation ADVANTAGE OF BEING A CHDO Local governments must set aside 15% of their federal HOME dollars for projects sponsored by CHDOs Local governments have greater flexibility in spending their federal community housing  dollars (primarily HOME) when they do business with a CHDO. For example, local governments can allow CHDO's to use HOME funds to pay for administrative expenses)

Convert your Nonprofit to a "CHDO" CLICK HERE for information on the specific amendments that you will need to make to your Articles of Incorporation and Bylaws Included are sample wordprocessing documents that you can download to make the amendment process easy! Filing instructions are included CLICK HERE for HUD's CHDO resource Page CLICK HERE for a background article on HOME and CHDO CLICK HERE to see the regulations governing CHDOS