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Self-Help Homeownership Opportunity Program (SHOP)

HUD

Status:

Active

October 2, 2023

Posted:

Deadline: 

December 4, 2023

Funding

13500000

Program:

1145000

Award Floor:

Ceiling:

13500000

Match Required?

No

Eligibility

All

States:

Entity Types:

Nonprofits (with 501(c)(3) status)

Eligible applicants include public or private non-profit organizations, or a consortium of public or private non-profit organizations, that have the capacity and experience to provide or facilitate self-help homeownershipopportunities on a national or regional basis. Grantees must directly undertake eligible SHOP activities and/or enter into a written agreement with one or more non-profit affiliate organizations to carry out eligible SHOP activities.The term you as used in this NOFOrefers to the SHOP applicant, including all consortium members. The term consortium refers to all consortium members. The term Grantee refers to a successful SHOP applicant, including all consortium members, that have been awarded SHOP grant funds under this NOFO. The term affiliate refers to an eligible non-profit organization that is an affiliate of a SHOP grantee. Individuals, foreign entities, and sole proprietorship organizations are not eligible to compete for, or receive, awards made under this announcement.

Contact

Email:

Phone:

Source Type:

Federal

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 homebuyers 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 Grantees SHOP program. These affiliate organizations must be located within the Grantees service area.

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