U.S. Department of Housing and Urban Development (HUD) - Community Planning and Development (CPD)
08/18/20 11:59:59 PM EST
Grants to USA nonprofit organizations to increase housing options for low-income residents. The goal of the program is to develop housing units to be sold at prices that are below the average market price. Applicants are advised that required registrations may take four weeks or longer to complete. Funding is intended to increase housing options for low-income individuals and families.
The Self-Help Homeownership Opportunity Program (SHOP) awards grant funds 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 funds must be used for eligible expenses to develop decent, safe, and sanitary non-luxury housing for low-income persons and families who otherwise would not be able to afford to become homeowners. 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.
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. Applicants must propose to use a significant amount of SHOP grant funds in at least two states.
GrantWatch ID#: 164899
HUD expects to make approximately 4 awards from the funds available under this NOFO.
Minimum Award Amount: $1,145,000
Maximum Award Amount: $10,000,000
Estimated Project Start Date: 04/01/2021
Estimated Project End Date: 04/01/2024
Length of Project Periods: 36-month project period with three 12-month budget periods.
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. 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’s administrative costs directly related to the management and oversight of affiliates developing five or more SHOP units must also be expended within 36 months of the date the SHOP grant funds are made available in the Grantee’s line of credit.
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
Agency Contact: firstname.lastname@example.org
U.S. Department of Housing and Urban Development
451 7th Street S.W.
Washington, DC 20410
Telephone: (202) 708-1112
TTY: (202) 708-1455
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