Self-Help Homeownership Opportunity Program (SHOP)
ID: 356729Type: Posted
Overview

Buyer

Department of Housing and Urban Development (HUD)

Award Range

$1M - $12M

Eligible Applicants

Others

Funding Category

Housing

Funding Instrument

Grant

Opportunity Category

Discretionary

Cost Sharing or Matching Requirement

Yes

Original Source

https://grants.gov/search-results-detail/356729

Additional Information

https://www.hud.gov/program_offices/spm/gmomgmt/grantsinfo/fundingopps
Timeline
    Description

    The Department of Housing and Urban Development (HUD) is offering the Self-Help Homeownership Opportunity Program (SHOP), which provides $12 million in FY 2024 grant funds to support national and regional non-profit organizations in facilitating self-help homeownership opportunities. Eligible applicants, including public or private non-profit organizations and their consortia, must demonstrate the capacity to implement SHOP activities across at least two states, focusing on land acquisition, infrastructure improvements, and planning costs, while ensuring that the homes are sold to low-income buyers at prices below market value. This program is crucial for promoting affordable housing and community development, as it requires homebuyers to contribute significant sweat equity towards their homes. Interested organizations must submit their applications by December 17, 2024, and can reach out to Jovette Bryant at RHED@hud.gov for further information.

    Point(s) of Contact
    RHED@hud.gov
    Files
    No associated files provided.
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