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Explore Horry County\'s CHDO Operating Funds policy for 2022, detailing eligibility, operating expenses, funding decisions, and application requirements.
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The CHDO Operating Funds policy provides guidance on the allocation and use of funds to support Community Housing Development Organizations (CHDOs) in their operational activities.
Community Housing Development Organizations (CHDOs) that receive operating funds from the Department of Housing and Urban Development (HUD) are required to file the CHDO Operating Funds policy.
To fill out the CHDO Operating Funds policy, organizations must provide detailed descriptions of their operational budget, planned use of funds, and compliance with HUD regulations. Specific forms and instructions are typically provided by HUD.
The purpose of the CHDO Operating Funds policy is to ensure that funds are used effectively to support the operational needs of CHDOs, enabling them to develop affordable housing and engage in community development activities.
The CHDO Operating Funds policy must report on the organization’s budget, expenses, program activities, and any outcomes related to the use of the funds provided by HUD.
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