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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. Please find a tentative timeline with important dates below. For questions please contact your regional Real Estate Production Analyst.
IHCDA is conducting a special HOME round in 2015 for Preservation of Affordable Housing developments. We will invite development proposals that focus on the rehabilitation of existing affordable housing rental developments. Applications will be evaluated based on their ability to meet IHCDA's goals and priorities. Additional details to be announced regarding selection criteria. Eligible developments are those meeting the HOME rental program requirements.
HOME Preservation of Affordable Housing Round (FY2014 Funds)
|January 23||HOME Preservation of Affordable Housing round application and policy posted on IHCDA website; Application round begins|
HOME application webinar for Preservation
|March 27||HOME Preservation of Affordable Housing round applications due|
|May 28||HOME Preservation of Affordable Housing awards announced|
HOME Homebuyer Round (FY2014 Funds)
|January 23||HOME Homebuyer round application and policy posted on IHCDA website; Application round begins|
|February 11|| HOME application webinar for Homebuyer round |
(to be held in conjunction with HOME Preservation of Affordable Housing and CHDO webinars)
|March 27||HOME Homebuyer round applications due|
|May 28||HOME Homebuyer awards announced|
HOME Round (FY2015 Funds)
|February 13||HOME draft application forms and policy posted on IHCDA website for public comment|
|March 6||HOME round final application and policy posted on IHCDA website; Application round begins|
|April (Date and Time TBD)||HOME application webinar|
|June 5||HOME applications due|
|August 27||HOME awards announced|
RED Notice 15-01: Production Department Tentative 2015 Application Dates
RED Notice 15-03: HOME Preservation of Affordable Housing and Homebuyer Rounds
FY2014 HOME Homebuyer Application
FY2014 HOME Preservation of Affordable Housing Application
FY2014 HOME Homebuyer Application Policy Package
FY2014 HOME Preservation of Affordable Housing Policy
FY2014 HOME Preservation of Affordable Housing and HOME Homebuyer Appendices
HOME Round (FY2015) Funds
FY2015 Home Homebuyer Application Policy
FY2015 Home Homebuyer Application Forms - Updates April 28th
FY2015 Home Rental Application Policy
FY2015 Home Rental Application Forms - Updated April 28th
FY2015 HOME Homebuyer and Rental Application Appendices Click here to access Brochures
Compliance Manual and Forms
Click here to access RED Notices
Click here to access Utility Allowances
2015 HOME Homebuyer Threshold & Scoring Checklist
2015 HOME Preservation of Affordable Housing Threshold & Scoring Checklist
HOME Applicant Self-Assessment
HOME Match Spreadsheet Instructions
HOME Match Spreadsheet
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
|February 2||CHDO application posted to IHCDA website|
CHDO application webinar (to be held in conjunction with HOME Preservation
|April 1||CHDO Certification Applications due|
|May 26||CHDO Certification Letters sent out|
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:
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.