Self-Help Homeownership Opportunity Program (SHOP)
The summary for the Self-Help Homeownership Opportunity Program (SHOP) grant is detailed below.
This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, and a sampling of similar government grants.
Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed as the Grant Announcement Contact.
If any section is incomplete, please visit the website for the Department of Housing and Urban Development, which is the U.S. government agency offering this grant.
Self-Help Homeownership Opportunity Program (SHOP): This SHOP NOFA announces the availability of $10,000,000 in FY2015 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, administration and management costs (not to exceed 20 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 $15,000 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, 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.
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 required
SHOP 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.
SHOP Grant funds must be used for land acquisition, infrastructure improvements, and for reasonable and necessary planning, administration and management costs (not to exceed 20 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 $15,000 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, 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.
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 required
SHOP 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.
| Federal Grant Title: | Self-Help Homeownership Opportunity Program (SHOP) |
| Federal Agency Name: | Department of Housing and Urban Development |
| Grant Categories: | Housing |
| Type of Opportunity: | Discretionary |
| Funding Opportunity Number: | FR-5900-N-19 |
| Type of Funding: | Grant |
| CFDA Numbers: | 14.247 |
| CFDA Descriptions: | Self-Help Homeownership Opportunity Program |
| Current Application Deadline: | Jan 4, 2016 Electronically submitted applications |
| Original Application Deadline: | Jan 4, 2016 Electronically submitted applications |
| Posted Date: | Nov 2, 2015 |
| Creation Date: | Nov 2, 2015 |
| Archive Date: | Feb 3, 2016 |
| Total Program Funding: | $9,977,500 |
| Maximum Federal Grant Award: | $9,977,500 |
| Minimum Federal Grant Award: | $0 |
| Expected Number of Awards: | 4 |
| Cost Sharing or Matching: | Yes |
- Applicants Eligible for this Grant
- Others (see text field entitled "Additional Information on Eligibility" for clarification)
- Additional Information on Eligibility
- Applicants must be a public or private non-profit organization, or a consortium of public or private non-profit organizations, as defined below, that have the capacity and experience to provide or facilitate self-help homeownership housing opportunities on a national or regional basis. Applicants must propose to undertake eligible SHOP activities directly 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 NOFA refers 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 NOFA. 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. - Link to Full Grant Announcement
- http://portal.hud.gov/hudportal/HUD?src=/program_offices/administration/grants/fundsavail
- Grant Announcement Contact
- Martha Murray
[email protected]
Grants Policy
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