Self-Help Homeownership Opportunity Program (SHOP)
Closed Posted
- Opportunity number
- FR-6700-N-19
- Applications due
- Award size
- $1,145,000 to $13,500,000
Opportunity facts
- Assistance listings
- Funding instrument
- Grant
- Category
-
- Housing
- Eligible applicants
-
- Other
- 501(c)(3) Nonprofits
- Full announcement
Opportunity details come from Grants.gov. Updated .
About this opportunity
This Notice of Funding Opportunity announces $12.5 million in funding through the Self-Help Homeownership Opportunity Program to support innovative homeownership opportunities. Administered by the Department of Housing and Urban Development, eligible applicants are national or regional non-profit organizations proposing programs across a minimum of two states. Applicants must utilize sweat equity models and leverage other funds to construct or rehabilitate units below market price for households below 80% of area median income. Evaluation will consider program design, budget, and timeline to complete a minimum of 30 units with average SHOP funding not exceeding $25,000 per unit by April 15, 2024.
Awards will range from $1.145 million to $13.5 million for a three-year period of performance. Funded activities will provide homeownership opportunities through land acquisition, infrastructure, planning and administration across the grantee's service area. Applications are due December 4, 2023.
Synopsis
This SHOP NOFO announces the availability of $ 12,500,000 in FY2022 SHOP Grant funds to be 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. Applicants must propose to use a significant amount of SHOP Grant funds in at least two states. Individuals are not eligible to apply for SHOP Grant funds.SHOP Grant funds must be used for land acquisition, infrastructure improvements, and for reasonable and necessary planning and administration costs (not to exceed 10 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 $25,000 per SHOP unit.SHOP units must be decent, safe, and sanitary non-luxury dwellings that comply with state and local codes, ordinances, and zoning requirements. The SHOP units must be sold to homebuyers at prices below the prevailing market price.Homebuyers must be low-income and must contribute a significant amount of sweat equity towards the development of the SHOP units. A homebuyer's sweat equity contribution must not be mortgaged or otherwise restricted upon future sale of the SHOP unit. Volunteer labor is also requiredSHOP 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.
Files
| File | Type | Posted |
|---|---|---|
| ShopNofo_FR-6700-N-19.pdf |
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