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Single Family Development (SFD) Program
HOME provides funding to nonprofits that TDHCA certifies as Community Housing Development Organizations (CHDOs) for the new construction or rehabilitation of affordable single family homes. Single family homes built or rehabilitated with the assistance of HOME funds must comply with required income restrictions and follow certain design and quality requirements. Homes must be sold to low-income homebuyers after completion of construction. TDHCA provides permanent financing to qualified households if needed.
Nonprofits applying for single family development funds must apply for certification as a CHDO, and CHDO Certification is provided by the Department only in conjunction with a HOME contract or agreement. A CHDO is private nonprofit organization with a 501 (c) which meets all the requirements of 24 CFR 92.2. More information about CHDOs can be accessed at HUD’s Community Planning and Development website, www.OneCPD.info.
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