Founded in 1991, 1010 Development is a designated Community Housing Development Organization focusing on the delivery of affordable housing to difficult-to-develop areas in the City of Los Angeles.
McMillan said the HOME funds will go to the following programs: Community Housing Development Organization Set-A-Side projects, $86,248; Martinsburg homebuyer assistance, $63,694; Berkeley County homebuyer assistance, $183,148; Morgan County homebuyer assistance, $45,194; and Jefferson County homebuyer assistance, $139,204.
41) As is frequently the case with federal funding, (42) Community Housing Development Organizations must maintain "accountability" to low-income community residents by having one-third of the organization's governing body consist of some combination of elected representatives of low-income neighborhood organizations, residents of low-income neighborhoods, or other low-income community residents.
The 30 percent of the HOME grant is distributed among three small groups performing start-up duties the administration and the two branches of the Community Housing Development Organization (CHDO): CHDO projects and CHDO operating.
He is a current member of the board of commissioners for the Martin Luther King Memorial Commission and also serves as project chairman for the MLK Community Housing Development Organization.
Over the past few years, RCAC has developed a self-help housing demonstration project in Good News Bay, Alaska and provided technical assistance to seven Community Housing Development Organizations (CHDOs).
HOME money, meanwhile, is available to community housing development organizations and other qualified private nonprofit organizations to develop and support affordable rental housing and homeownership affordability.
