S-H2-20-00-0001

Purpose: The Self-Help Homeownership Opportunity Program (SHOP) awards grant funds to eligible national and regional nonprofit organizations and consortia to purchase home sites and develop or improve the infrastructure needed to set the stage for sweat equity and volunteer-based homeownership programs for low-income persons and families. SHOP funds must be used for eligible expenses to develop decent, safe, and sanitary non-luxury housing for low-income persons and families who otherwise would not become homeowners.

Homebuyers must be willing to contribute significant amounts of their own sweat equity toward the construction or rehabilitation of their homes. Project summaries can be found at https://www.hudexchange.info/programs/shop/.

Activities to be performed: SHOP grant funds can only be used for land acquisition, infrastructure improvements, and administrative costs. Total land acquisition and infrastructure improvement costs cannot exceed an average of $25,000 in SHOP assistance per unit. Administrative costs cannot exceed 20 percent of the SHOP grant amount. SHOP grantees must leverage other funds for the new construction or rehabilitation of their SHOP units.

Expected outcomes: Expected outcomes of the SHOP grant program include providing homes for low-income persons and families to purchase through affordable financing and sweat equity.

Intended beneficiaries: Intended beneficiaries of SHOP grant funds are low-income individuals and families seeking homeownership.

Subrecipient activities: The subrecipient activities are unknown at the time of award.

Housing Assistance Council

NOT APPLICABLE

14.278 - Veterans Housing Rehabilitation and Modification Program

Community Planning and Development (CPD) [HUD]

Washington, District Of Columbia 20005-3516 United States

Single Zip Code

NOT APPLICABLE