The funds set aside for CHDOs will be used to carry out one or more eligible HOME activities for housing, which they develop, own and/or sponsor. Eligible activities include acquisition, reconstruction, moderate or substantial rehabilitation of non-luxury housing, with suitable amenities including real property acquisition, site improvements, conversion, demolition and other expenses, including financing costs and/or new construction. The level of funds provided to the City could support one or more of the following types of activities or any other eligible project: 7.1 New construction of homeowner housing for low-income first-time homebuyers. 7.2 New construction of rental housing for low-income households. 7.3 Rehabilitation of rental housing for low-income households. 7.4 Acquisition and rehabilitation of existing housing for resale to first-time, low-income homebuyers...
