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from the annual HOME allocation to the CONSORTIUM. The Commission may, in turn, • allocate a portion of the Administrative Funds to the local SUBRECIPIENTS and/or Community Housing Develoment Organzations (CHDOs) to insure proper use of the HOME funds by the SUBRECIPIENT or CHDO. 6. The members understand two types of housing organizations may use the CONSORTIUM HOME funds: A SUBRECIPIENT, or a CHDO: A SUBRECIPIENT is a housing organization designated by the MEMBER, by resolution, to implement housing activities using HOME CONSORTIUMfunds. A CDHO is a non-profit housing organization which has met federal guidelines to manage, own, or otherwise control a housing activity other than home owner rehabilitation and thereby qualifies for a portion of the HOME f nds designated by federal law as a minimun 15% of the total allocation to the CONSORTIUM. CHDO designation may be by the COMMISSION or by the Virginia Department of Housing and Community Development. Responsibilities of the Thomas Jefferson Planning_ District 1. The Thomas Jefferson Planning District Commission staff will act in accordance with a contract with the City of Charlottesville, as LEAD AGENCY, for administration of the program and report progress to MEMBERS on a quarterly basis, 1. The COMMISSION staff will prepare the regional portion of the annual Consolidated • Plan, the annual report, and other such documents which are, from time to time, required by the MEMBERS or the federal government. The Annual Report and the Consolidated Plan will be presented to the MEMBERS at a regular meeting of their governing body. The Consolidated Plan is subject to a public hearing at the regional level, to be held by the COMMISSION, and may be, at the discretion of the local governing body, be subject to a public hearing at the local level. Allocation of Funds 1. Funds available annually to the Consortium, including CHDO funds in the total, under the HOME Investment Partnership Program will be available on an equal basis to each MEMBER fol eighteen (18) months after funds are made available to the CONSORTIUM by the United States Department of Housing and Urban Development (HUD); 2. After sit eighteen months, funds not committed will be re a4laeated by the ?&EMBERS with the reeommendations of the NbO4AGR4G ;made available to any SUBRECIPIENT on a first come, first served basis or based on a priority system developed by the Commission and agreed to by all MEMBERS; HOME CONSORTIUM Agreement draft (8/25/97) 2 40