U.S. Department of Housing and Urban Development: Self-Help Homeownership Opportunity Program (SHOP)

The Self-Help Homeownership Opportunity Program (SHOP) awards grants to 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 to develop decent, safe, and sanitary non-luxury housing for low-income persons and families who otherwise would not be able to afford to become homeowners. SHOP units must be decent, safe, and sanitary non-luxury dwellings that comply with state and local codes, ordinances, and zoning requirements, and with all other SHOP requirements.

Amount: A total of $10,000,000 is available to make up to 4 grants, ranging from $450,000-$10,000,000 per project period. The project period is 36 months.

Eligibility: National and regional nonprofit organizations and consortia with experience facilitating innovative homeownership opportunities through the provision of self-help homeownership housing programs. Applicants must propose to use a significant amount of SHOP grant funds in at least two states. Specifically, eligible applicants are defined as:

• National Organizations: A public or private nonprofit organization that carries out self-help homeownership housing activities or funds affiliates that carry out self-help homeownership housing activities on a national scale.
• Regional Organizations: A public or private nonprofit organization that carries out self-help homeownership housing activities or funds affiliates that carry out self-help homeownership housing activities on a regional scale. A regional area is a geographic area such as the southwest or northeast that includes at least two states. The states in the region need not be contiguous, and the service area of the organization need not precisely conform to state boundaries.
• Consortium: Two or more public or private nonprofit organizations located in at least two states that enter into an agreement to submit a single application for SHOP grant funds to carry out self-help homeownership housing activities on a national or regional basis.

Link: https://www.hud.gov/program_offices/spm/gmomgmt/grantsinfo/fundingopps/fy18shop

This post was filed under: