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Self-Help Homeownership Opportunity Program (SHOP)
Agency: Department of Housing and Urban Development
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.
Eligibility
Eligible applicants
Miscellaneous
Other
Additional information
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.
This site is a work in progress. Go to www.grants.gov to apply, track application status, and subscribe to updates.
Award
$9,977,500
Program Funding
4
Expected awards
$--
Award Minimum
$9,977,500
Award Maximum
Funding opportunity number:
FR-5900-N-19
Cost sharing or matching requirement:
Yes
Funding instrument type:
Grant
Opportunity Category:
Discretionary
Opportunity Category Explanation:
--
Category of Funding Activity:
Housing
Category Explanation:
--
History
Version:
1
Posted date:
November 2, 2015
Archive date:
February 3, 2016
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