LINCOLN – A trio of community development organizations were listed as the recipients and $1.6 million in awards under the Community Housing Development Organization (CHDO) cycle of the HOME Investment Partnerships (HOME) program for 2020.
According to a release from the Department of Economic Development, Elkhorn Valley Community Development Corporation dba NeighborWorks Northeast Nebraska and High Plains Community Development Corporation, Inc. both received $550,000 each while Neighborhoods, Inc. dba NeighborWorks Lincoln received $500,000.
Led by the federal Department of Housing and Urban Development (HUD) and administered by DED on behalf of the State of Nebraska, HOME provides a financial resource to help communities develop quality, safe, affordable housing for the benefit of low- and moderate-income residents. CHDO funds, specifically, help area nonprofit housing organizations pursue their mission and goals; CHDO funds can finance activities ranging from the purchase, rehab and resale of homeowner units to new construction, first time homebuyer assistance and more — in addition to general organizational operating assistance.
In all, the CHDO awards for 2020 will help finance the new construction of six housing units and the purchase-rehab-resale of seven units, plus homebuyer assistance, in nine Nebraska counties.
Since 2014, HOME funding, including the CHDO cycle, has helped finance over 800 rental and homebuyer units throughout Nebraska.
For more information about the HOME program, including the annual CHDO cycle, visit https://opportunity.nebraska.gov/program/home/. For questions or more information, contact Mechele Grimes, Housing Specialist, at email@example.com or 402-309-4536.