The purpose of the HOME program is to provide habitable and affordable housing for low and moderate income persons. IHCDA is tasked with using its portion of HOME funds to improve the quality of existing housing stock in Indiana. The 2014 IHCDA HOME Application Package and Forms are now available. Beginning May 23, 2014 IHCDA will accept applications for the HOME program. Please find a timeline with important dates below. For questions please contact your regional Real Estate Production Analyst.
IHCDA is conducting
IHCDA is conducting
Below is an anticipated timeline:
|January 2015||Applications Available|
|March 2015||Applications Due|
|May 28, 2015||Award Recommendations made at IHCDA Board Meeting|
The maximum request amount for applications in this round is $750,000
RED Notice 14-24: HOME Application Clarifications Click here to access Brochures
2014 HOME Application - Updated June 24, 2014
2014 HOME Application Policy Package - Updated June 24, 2014
Appendices to the 2014 HOME Application - Updated June 27, 2014
Compliance Manual and Forms
Click here to access RED Notices
Click here to access Utility Allowances
2014 HOME Threshold & Scoring Checklist
HOME Applicant Self-Assessment
HOME Match Spreadsheet Instructions
HOME Match Spreadsheet
Updates to the 2014 HOME Application Forms and Policy
Home Investment Partnerships Program (HOME) - Building HOME Guide
Making Davis Bacon Work - Guide to Labor Standards and the Davis Bacon Act
FAQ - What is HOME Rental Housing?
Tenant's Guide to HOME Rental Housing
2013 Closeout Monitoring Report
2013 Ongoing Rental Monitoring Report
2013 Asset Management Report
Click here to access Brochures
Background/What is a CHDO?
A Community Housing Development Organization (CHDO) is an entity that has met specific requirements per the regulations that govern the HOME Investment Partnerships Program (HOME).
Under the HOME Final Rule (24 CFR Part 92), IHCDA must reserve no less than 15% of its HOME allocations for investment in housing to be owned, developed, or sponsored by CHDOs.
Unless otherwise announced, IHCDA will accept applications for CHDO funds only from IHCDA-certified CHDOs for activities that are located outside of participating jurisdictions (i.e., communities that receive HOME funding directly from HUD). The only exception to this would be any activity that is specifically referenced for use of HOME funds within the most current Indiana Consolidated Plan.
Any not-for-profit organization receiving IHCDA HOME-CHDO funding must be certified by IHCDA. For additional information on CHDO, please review the following:
2013-2014 Non-Entitlement Tract Block Group Verification
Benefits of Being a CHDO
Any not for profit organization that has 501©3 status from the IRS is eligible to apply for HOME funds for a variety of housing activities. CHDOs, through the Strategic Investment Process, have the benefit of also applying for:
1. CHDO Operating Grants
2. Site-specific Predevelopment and/or Seed Money Loans for subsequent HOME-CHDO projects
3. IHCDA-approved CHDOs seeking funding must apply through IHCDA's HOME Application Round
NOTE– only homebuyer or rental housing where the CHDO acts as the owner, developer, or sponsor) qualify as HOME-CHDO projects. These projects can be new construction or rehabilitation.
Maintaining CHDO Status
IHCDA-certified CHDOs will need to verify compliance with the regulations to maintain CHDO status on an annual basis. This process occurs annually with applications due in April. Each CHDO must be certified each year. If you cannot meet the application deadline, you may submit a waiver request to your regional Real Estate Production Analyst. You must receive a certification approval letter prior to the time you submit a HOME application if you wish to be considered a CHDO in the upcoming HOME Application Round.
For more information about the HOME Program, please contact Carmen Lethig, Real Estate Production Manager at 317.234.6290, or your Real Estate Production Analyst.