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Self-Help Homeownership Opportunity Program (SHOP)
SHOP Grant funds are awarded to national and regional non-profit organizations and consortia to facilitate and encourage innovative homeownership opportunities on a national, geographically diverse basis through the provision of self-help homeownership housing programs.
SHOP Grantees must use
a significant amount of SHOP Grant funds in at least two states.
SHOP Grant funds must be used for land acquisition, infrastructure improvements, and for reasonable and necessary planning, administration and management costs (not to exceed 20 percent).
The construction or rehabilitation costs of each SHOP unit must be funded with other leveraged public and private funds.
The average SHOP Grant expenditure for the combined costs of land acquisition and infrastructure improvements must not exceed $15,000 per SHOP unit.
Eligible low-income homebuyers must contribute a significant amount of sweat equity towards the development of the SHOP units.
Volunteer labor is also required.
Assisted units must be decent, safe, and sanitary non-luxury dwellings that comply with state and local codes, ordinances, and zoning requirements, and with the SHOP requirements (including requirements for energy-efficiency and water conservation).
The SHOP units must be sold to homebuyers at prices below the prevailing market price.
A homebuyerÂ’s sweat equity contribution must not be mortgaged or otherwise restricted upon future sale of the SHOP unit.
SHOP Grantees may award SHOP Grant funds to local non-profit affiliate organizations to carry out the GranteeÂ’s SHOP program.
These affiliate organizations must be located within the GranteeÂ’s service area.
SHOP Grantees must use
a significant amount of SHOP Grant funds in at least two states.
SHOP Grant funds must be used for land acquisition, infrastructure improvements, and for reasonable and necessary planning, administration and management costs (not to exceed 20 percent).
The construction or rehabilitation costs of each SHOP unit must be funded with other leveraged public and private funds.
The average SHOP Grant expenditure for the combined costs of land acquisition and infrastructure improvements must not exceed $15,000 per SHOP unit.
Eligible low-income homebuyers must contribute a significant amount of sweat equity towards the development of the SHOP units.
Volunteer labor is also required.
Assisted units must be decent, safe, and sanitary non-luxury dwellings that comply with state and local codes, ordinances, and zoning requirements, and with the SHOP requirements (including requirements for energy-efficiency and water conservation).
The SHOP units must be sold to homebuyers at prices below the prevailing market price.
A homebuyerÂ’s sweat equity contribution must not be mortgaged or otherwise restricted upon future sale of the SHOP unit.
SHOP Grantees may award SHOP Grant funds to local non-profit affiliate organizations to carry out the GranteeÂ’s SHOP program.
These affiliate organizations must be located within the GranteeÂ’s service area.
Related Programs
Self-Help Homeownership Opportunity Program
Department of Housing and Urban DevelopmentWho's Eligible
Obtain Full Opportunity Text:
Download Application and Instructions web page using CFDA Number ONLY.
Additional Information of Eligibility:
An applicant must be a public or private non-profit organization, or a consortium of public or private non-profit organizations, that has the capacity and experience to provide or facilitate self-help homeownership housing opportunities on a national or regional basis.
Individuals and local non-profit organizations are not eligible applicants and cannot apply for funding under this competitive SHOP NOFA.
Full Opportunity Web Address:
https://apply07.grants.gov/apply/forms_apps_idx.html
Contact:
Questions regarding specific program requirements should be directed to Ms. Ginger Macomber, SHOP Program Manager at (202) 402-4605 (this is not a toll-free number).
Agency Email Description:
Contact via Phone
Agency Email:
@hud.gov
Date Posted:
2013-01-23
Application Due Date:
2013-07-15
Archive Date:
2013-09-15
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