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 homebuyer’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 Grantee’s SHOP program.
These affiliate organizations must be located within the Grantee’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 homebuyer’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 Grantee’s SHOP program.
These affiliate organizations must be located within the Grantee’s service area.
Related Programs
Self-Help Homeownership Opportunity Program
Department of Housing and Urban Development
Obtain Full Opportunity Text:
http://portal.hud.gov/hudportal/HUD?src=/program_offices/administration/grants/fundsavail
Additional Information of Eligibility:
You 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.
You must propose to undertake eligible SHOP activities directly and/or to enter into a written agreement with one or more non-profit affiliate organizations to carry out your eligible SHOP activities.
Individuals, foreign entities, and sole proprietorship organizations are not eligible to compete for, or receive, awards made under this announcement.
Full Opportunity Web Address:
http://portal.hud.gov/hudportal/HUD?src=/program_offices/administration/grants/fundsavail
Contact:
Questions regarding specific program requirements should be directed to Ms. Martha Murray, SHOP Program Manager, Office of Affordable Housing Programs, at (202) 402-4410 (this is not a toll-free number).
Agency Email Description:
SHOP Program Manager
Agency Email:
Martha.W.Murray@hud.gov
Date Posted:
2014-07-14
Application Due Date:
2014-09-04
Archive Date:
2015-02-13
Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
Learn How to Identify and Avoid Grant Scams
