McKnight Housing Initiative
"Housing people, not just projects."
An independent 501(c)(3) with its own board, books and mission — affordable housing development, resident services and community partnerships.
CHDO status is not automatic from having a 501(c)(3): HUD requires legal-status, organizational-structure, board-representation and capacity requirements to be satisfied.
Source: HUD Exchange — HOME CHDO requirementsNonprofit Infrastructure (more than a donation page)
Independent board of directors
Bylaws and conflict-of-interest policy
IRS exemption documentation
Whistleblower and document-retention policies
Grant accounting
Restricted-fund tracking
Donor receipts
Property acquisition criteria
Development budget templates
Resident eligibility workflow
Fair-housing procedures
Property and grant reporting
Partnerships with municipalities, developers and lenders
Environmental-review tracking
Property management plan
Outcome and impact measurement
Revenue Ladder
Donations
Grants
Program-related investments
Public-private development partnerships
Sponsorships
Property and program revenue where permissible
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