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 FY2017 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.
Federal Grant Title: Self-Help Homeownership Opportunity Program (SHOP)
Federal Agency Name: Department of Housing and Urban Development (HUD)
Grant Categories: Housing
Type of Opportunity: Discretionary
Funding Opportunity Number: FR-6100-N-19
Type of Funding: Grant
CFDA Numbers: 14.247
CFDA Descriptions: Information not provided
Current Application Deadline: January 25th, 2018
Original Application Deadline: January 25th, 2018
Posted Date: October 25th, 2017
Creation Date: October 25th, 2017
Archive Date: February 24th, 2018
Total Program Funding: $10,000,000
Maximum Federal Grant Award: $10,000,000
Minimum Federal Grant Award: $450,000
Expected Number of Awards: 4
Cost Sharing or Matching: Yes
Last Updated: October 25th, 2017
Applicants Eligible for this Grant
Nonprofits having a 501 (c) (3) status with the IRS, other than institutions of higher education
Additional Information on Eligibility
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 homeownership opportunities 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. 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
https://hud.gov/program_offices/spm/gmomgmt/grantsinfo/fundingopps
Grant Announcement Contact
Thann Young
Thann.Young@hud.gov

Grants Policy
Similar Government Grants
Self-Help Homeownership Opportunity Program
Self Help Homeownership Opportunity Program
More Grants from the Department of Housing and Urban Development
Rural Capacity Building for Community Development and Affordable Housing Grants (RCB)
Jobs Plus Initiative
Choice Neighborhoods Implementation Grant Program
Resident Opportunity & Self-Sufficiency Program
The Research and Evaluation, Demonstrations and Data Analysis and Utilization Program (HUD...

FederalGrants.com is not endorsed by, or affiliated with, any government agency. Copyright ©2018 FederalGrants.com