501 (c) 3 organizations
Applicants requesting $100,000 to $2,000,000 in HOME CHDO set-aside funds will sign a note that will bear interest at one percent (1%), with level amortization and monthly payments over twenty (20) years.
A private nonprofit, community-based service organization that has obtained or intends to obtain staff with the capacity to develop affordable housing for the community it serves.
ADFA requires qualified CHDOs to apply for CHDO set-aside funds once every 2 years.
The CHDO must be certified by ADFA.