SECTION .0500 ‑ COMMUNITY HOUSING DEVELOPMENT ORGANIZATION CATEGORY
04 NCAC 19S .0501 DEFINITION
The Community Housing Development Organization (CHDO) Program funds are available to eligible private non‑profit organizations that meet both the definition of a nonprofit organization and the definition of a Community Housing Development Organization as both are defined in Section 92.2 of the HOME Regulations (24 CFR Part 92.).
(1) All eligible activities may be carried out by CHDOs to accomplish the purposes under this Subchapter.
(2) CHDO program funds will be distributed on a competitive basis and projects will be evaluated against other CHDO project proposals.
(3) The allocation of funds is made available to this category as established in Rule .0403 of this Subchapter will be available for a period of 18 months (or other time period established by HUD) after the allocation of funds is made to the State from HUD in accordance with federal regulations at 24 CFR Part 92.300(a).
History Note: Authority G.S. 143B‑10; 143B‑431; 24 C.F.R. Part 92;
Eff. November 2, 1992.