Federal
U.S. Department of Housing and Urban Development (HUD) - Community Planning and Development (CPD)
08/23/21 11:59 PM ET
Grants to USA and territories nonprofit organizations to increase housing options for low-income residents. Applicants are advised that required registrations may take several weeks to complete. Funding is intended to develop housing units to be sold at prices that are below the average market price in order to increase housing options for low-income individuals and families.
The Self-Help Homeownership Opportunity Program (SHOP) awards grant funds to eligible national and regional non-profit 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 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.
Applicants must propose to use a significant amount of SHOP grant funds in at least two states.
Land acquisition, infrastructure improvements, and reasonable and necessary planning and administration costs (not to exceed 20 percent) are the only eligible uses for SHOP grant funds.
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. Reasonable accommodations must be permitted for individuals with disabilities in order for such individuals to meet hourly sweat equity requirements. A homebuyer’s sweat equity contribution cannot be mortgaged or otherwise restricted upon future sale of the SHOP unit. Volunteer labor is also required.
GrantWatch ID#: 164899
$10,000,000
4
Minimum Award Amount: $1,145,000 per project period
Maximum Award Amount: $10,000,000 per project period
Estimated Project Start Date: 02/01/2022
Estimated Project End Date: 02/01/2025
Length of Project Periods: 36-month project period and budget period
The Grantee and its affiliates must develop and convey all SHOP units within 36 months of the end of the applicable period of performance. HUD may grant an extension to a Grantee’s performance schedule only when justified by good cause.
The Grantee must expend all SHOP grant funds within 24 months of the date that HUD makes the SHOP grant funds available for drawdown in the Grantee’s line of credit. Grantees are subject to 24 month expenditure deadlines unless they are providing SHOP funds to an affiliate or subrecipient developing five or more SHOP units.
However, grant funds provided to a SHOP affiliate that develops five or more SHOP units must be expended within 36 months of the date that HUD makes the SHOP grant funds available for drawdown in the Grantee’s line of credit. The Grantee must convey all SHOP units in order to meet the 36 month deadline requirement.
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
Thann Young, Sr CPD Specialist
Email: Thann.Young@hud.gov
Phone: 1-8777872526
U.S. Department of Housing and Urban Development
451 Seventh Street S.W.
Washington, DC 20410
Telephone: (202) 708-1112
TTY: (202) 708-1455
14.247
FR-6500-N-19
USA: Alabama; Alaska; Arizona; Arkansas; California; Colorado; Connecticut; Delaware; Florida; Georgia; Hawaii; Idaho; Illinois; Indiana; Iowa; Kansas; Kentucky; Louisiana; Maine; Maryland; Massachusetts; Michigan; Minnesota; Mississippi; Missouri; Montana; Nebraska; Nevada; New Hampshire; New Jersey; New Mexico; New York City; New York; North Carolina; North Dakota; Ohio; Oklahoma; Oregon; Pennsylvania; Rhode Island; South Carolina; South Dakota; Tennessee; Texas; Utah; Vermont; Virginia; Washington, DC; Washington; West Virginia; Wisconsin; Wyoming
USA Territories: American Samoa (USA) Guam (USA) Puerto Rico (USA) Virgin Islands (USA) Northern Mariana Islands (USA)
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