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…

Ended Project Grant Awarded Last action

Award ID
SH230000003
Recipient
Awarding agency
Obligated
$2,500,000

Award facts

Assistance listing
14.247 Self-Help Homeownership Opportunity Program
Completion date
Place of performance
Washington, DC 20036, USA

Award details come from USAspending.gov.

Description

As the agency reported it.

Activities
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.

Quick answers

Who received award SH230000003?

SH230000003 was awarded to Housing Assistance Council by Assistant Secretary for Community Planning and Development (Department of Housing and Urban Development) on June 4, 2024.

How much is award SH230000003 worth?

$2,500,000 has been obligated on SH230000003.

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