Phase One of Community Village consisted of 72 homes that were available for lease in 2007. These homes include 3- and 4-bedroom, 2-bathroom homes ranging in size from 1,200 sq. ft. to 1,500 sq. ft.
Community Village continues to maintain an occupancy rate of 96% and higher. The construction of these homes was funded with Low Income Housing Tax Credits, HOME funds and conventional financing. After all compliance periods have been met, MCAC plans to convert as many of these 72 homes into homeownership opportunities for the residents. To meet this goal, the agency offers a housing counseling and homeownership training program that includes budgeting and money management, homeowner responsibilities, how to shop for a mortgage loan, and home maintenance. These services, along with additional CSBG programs, are offered to the residents of Community Village
Community Housing Development Organization (CHDO)
Montgomery Community Action Committee and CDC, Inc.’s CHDO is designed to provide opportunities for very low, low and moderate income families and individuals to obtain adequate, safe and affordable housing. Through the CHDO program, MCAC and its partners developed 72 brand new affordable homes in Montgomery County.