Qualified Community Housing Development Organization (CHDO) Projects

The contract is for the rehabilitation of Dottie's House rental units in Brick Township, Ocean County, New Jersey, to provide affordable housing. The contract was awarded to Homes Now, Inc., a qualified Community Housing Development Organization (CHDO), with a total contract amount of $125,400.00. The contract is funded through the HOME Investment Partnerships Program, which requires a minimum of 15% of the annual HOME funds to be allocated to qualified CHDOs for the production of affordable rental housing. Key aspects of the contract include: • The contract amount was increased by $20,900.00 to reflect the allocation of additional HOME funds. • The contract is for a term of one year, starting from January 18, 2023. • The contract is subject to the terms and conditions of the CHDO Agreement Amendment. • The Director and Clerk of the Board are authorized to execute the CHDO Agreement Amendment and any other necessary documents.