2024 HOME CHDO Operating

CHDO Operating expenses means reasonable and necessary costs for: The operation of community housing development organization. Such costs include salaries, wages, and other employee compensation and benefits; employee education, training, and travel; rent; utilities; communication costs; taxes; insurance; equipment; materials; and supplies. Project-specific expenses are not eligible. These expenses include costs directly related to implementing a Nebraska Affordable Housing Program funded affordable housing project or program such as staff salaries to accept and review applications for a homebuyer assistance program. On-going rental project operating expenses are not eligible for these funds.

Eligible Costs: 1. Assist the organization in maintaining the current level of production and/or development of affordable housing; 2. Assist the organization in increasing their capacity; including hiring new staff; and 3. Assist the organization in expanding their services or coverage area.

HOME Investment Partnership Funds (HOME) reservation for the 2024 Program year for CHDO Operating activities is $100,000. The first two eligible applicants will be recommended for funding. The maximum grant amount request is $50,000. Application Round will be open until the 2024 Program Cycle funds are committed. If awarded a CHDO Operating grant, the CHDO organization will not be expected to have the capacity to have a CHDO Project within 24 months from receiving the CHDO Operating grant, but will be expected to submit a CHDO Program Application following the 24 months of organizational operating funds.

Open Cycle thru June 1, 2025.

Failure of the Application to meet all of the threshold requirements (threshold questions) will result in the Application not being funded during the 2024 HOME CHDO Cycle

For program guidelines, please refer to: https://opportunity.nebraska.gov/programs/housing/home/

Eligible applicants include community-based non-profit 501(c)(3), 501(c)(4), or section 905 (subordinate organization of a 501(c) organization) organizations with the provision of decent housing that is affordable to low- and moderate-income persons among the purposes of the organization. In addition, these organizations must meet and satisfactorily demonstrate the prescribed requirements in these guidelines. The Nebraska Department of Economic Development (DED or “the Department”) determines nonprofit organizations as an eligible CHDO as defined in the HOME Investment Partnerships Program 2013 Final Rule Subpart A, §92.2.

Resources: General and Program specific user guides and videos can be found at https://opportunity.nebraska.gov/amplifund/. Statewide Relay System: Individuals, who are hearing and/or speech impaired and have a TTY, may contact the Department through the Statewide Relay System by calling (800) 833-7352 (TTY) or (800) 833-0920 (voice). The relay operator should be asked to call DED at (800) 426-6505 or (402) 471-3111.