Glossary

 

CHMI:  Chispa Housing Management, Inc. , the for-profit property management subsidiary of CHISPA.  CHMI management and staff ensure that high-quality property management services are provided at the rental properties developed by CHISPA.

 

CCRB:  Central Coast Residential Builders, Inc., the licensed general contracting company that builds some of CHISPA's ownership and rental communities. 

 

CHDO:  Community Housing Development Organization, a designation approved by the State of California Department of Housing and Community Development (HCD).  CHDO organizations are eligible for designated funding for very-low and low-income people and must meet specific criteria defined by HCD.

 

HCD:  State of California Department of Housing and Community Development.

 

HUD:  United States Department of Housing and Urban Development.

 

RD:  USDA Rural Development.  USDA Rural Development provides low-interest rate mortgages for low and very-low income families and provides funding for affordable rental developments serving farm worker and agricultural worker families.

 

USDA:  United States Department of Agriculture

 

Mutual Self-Help Housing Program:  A housing program that provides homeownership opportunities for low and very-low income families with the families participating in the construction of their own homes.