For the first time in 21 years, the Division of Housing & Community Development (HCD) has announced the designation of five new Community Housing Development Organizations (CHDOS). The new CHDOs will be able to receive set-aside federal funds to serve a broad range of affordable housing needs including acquisition, new construction, and/or rehabilitation of rental housing or homebuyer property.
“Working to help provide more safe, affordable, high-quality homes has been a top priority of this administration since coming into the Mayor’s Office,” Mayor Jim Strickland said. “With the designation of these new partners, we will be able to do even more. Thanks to Director Cash and her team at HCD for working to make this happen.”
“Since 2001, The CHDO program has produced over 400 safe, quality, and affordable single-family homes and duplexes throughout the City of Memphis. With these new designees, we can expect an influx of affordable and quality housing options for low-to-middle income families and individuals,” Ashley Cash, Director of the Division of Housing and Community Development said. “with the current inflation, the soaring property rates and the high rents, the new CHDOs will bring about a welcome change and it will serve a large chunk of the Memphis population that may feel blindsided by the high cost of housing.”
The new five certified CHDOs include:
- Alcy Ball Development Corporation
- Heights CDC
- Knowledge Quest
- United Housing, Inc.
- CAAP, Inc.
More details about the CHDO program can be seen here.
ABOUT THE COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO) PROGRAM: The Community Housing Development Organization (CHDO) Program receives set aside funds of at least fifteen-percent (15%) of HOME funds from the U.S. Department of Housing and Urban Development (HUD) for affordable housing activities to be undertaken by CHDOs in the communities that they serve. These activities include acquisition, new construction, and/or rehabilitation of affordable housing for rent or homeownership for low-moderate income residents.
FOR MORE INFORMATION: For more information about the Division of Housing and Community Development, Community Housing Development Organization program, contact Twarla.Guest@memphistn.gov or (901)636-4237.