Community Based Development Organizations (CBDO)
Community Based Development Organizations (CBDOs) as defined under the Community Development Block Grant program at 24 CFR 570.204, are non-profit or for-profit entities which must meet specific organizational criteria. The IHCDA CBDO certification allows qualified entities to carry out neighborhood revitalization or community economic development using CDBG-DR funding. CBDOs may retain any proceeds gained from the use of CDBG-DR funds and revolve the funds to further support other community development activities, and establish a revolving loan fund.
A list of current IHCDA CBDOs may be found below:
Echo Housing Corporation, Evansville
John Boner Neighborhoods Center, Indianapolis
Interested applicants may submit the CDBO Certification application.
For more information on the CBDO certification process, please contact Samantha Spergel, Director of Real Estate Production at firstname.lastname@example.org .