This SHOP NOFO announces the availability of $ 12,500,000 in FY2022 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.
Donor Name: Department of Housing and Urban Development
State: All States
County: All Counties
Type of Grant: Grant
Deadline: 11/07/2022
Size of the Grant: $12,500,000
Grant Duration: 36 months
Details:
Purpose
The Self-Help Homeownership Opportunity Program (SHOP) awards grant funds to eligible national and regional non-profit organizations and consortia 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 Grant funds must be used for land acquisition, infrastructure improvements, and for reasonable and necessary planning and administration costs (not to exceed 10 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. 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
Funding Information
- Award Ceiling: $12,500,000
- Award Floor: $1,145,000
- Length of Project Periods: 36-month project period and budget period.
Eligibility Criteria
Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education.
For more information, visit Grants.gov.