U.S. Department of Housing and Urban Development HUD Exchange Mailing List
 

FY 2016 Self-Help Homeownership Opportunity Program NOFA Now Available

This NOFA announces the availability of $10,000,000 of FY 2016 Self-Help Homeownership Opportunity Program (SHOP) grant funds. SHOP funding is intended to facilitate and encourage innovative homeownership opportunities on a national and geographically-diverse basis. The program supports self-help housing programs that require a significant amount of sweat equity by the homebuyer toward the construction or rehabilitation of his or her home. Volunteer labor is also required.

Eligible applicants for SHOP funding include national and regional non-profit organizations and consortia with experience facilitating 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 and 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. 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 20 percent) with the maximum average SHOP investment for land acquisition and infrastructure not exceeding $15,000 per SHOP unit. The construction or rehabilitation costs of each SHOP unit must be funded with other leveraged public and private funds. 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, including but not limited to, the requirements for energy-efficiency, water conservation and accessibility. The SHOP units must be sold to homebuyers at prices below the prevailing market price.

Closing Date for Application: Oct 12, 2016 - Electronically submitted applications must be submitted no later than 11:59:59 p.m., ET.

View the NOFA on Grants.gov.


 
            
Visit the HUD Exchange at https://www.hudexchange.info
 
Forward to a Friend   Update Subscription   Unsubscribe from the List
 
 
This email was sent to <<Email Address>> by news@hudexchange.info. Do not reply this message. Contact the HUD Exchange at info@hudexchange.info.
Update Profile/Email Address | Instant removal with SafeUnsubscribeTM | Privacy Policy
U.S. Department of Housing and Urban Development I 451 7th Street S.W. I Washington I D.C. I 20410