OpportunityTitle: Self Help Homeownership Opportunity Program
CategoryExplanation: TECHNICAL CORRECTION PUBLISHED IN THE FEDERAL REGISTER AND IS POSTED IN THE INSTRUCTIONS DOWNLOAD.
AdditionalInformationOnEligibility: You must be a national or regional nonprofit public or private organization or consortium that has the capacity and experience to provide or facilitate self-help housing homeownership opportunities.  Your organization or consortium must undertake eligible SHOP activities directly and/or provide funding assistance to your local affiliates to carry out SHOP activities.  You must propose in your application to use a significant amount of SHOP funds in at least two states.  Affiliates must be located within the regional organization&#146;s or consortium&#146;s service area.
Description: SHOP funds are to be used to facilitate and encourage innovative homeownership opportunities on a national geographically diverse basis through self-help housing programs that require significant sweat-equity by the homebuyer toward the construction or rehabilitation of the dwelling. SHOP programs are administered by national and regional nonprofit organizations and consortia. Units developed with SHOP funds must be decent, safe, and sanitary non-luxury dwellings and must be made available to eligible homebuyers at prices below the prevailing market prices. Eligible homebuyers are low-income individuals and families (i.e., those whose annual incomes do not exceed 80 percent of the median income for the area, as established by HUD) who would otherwise be unable to purchase a dwelling but for the provision of sweat equity. Housing assisted under this Notice of Funding Availability (NOFA) must involve labor contributed by homebuyers and volunteers in the construction of dwellings and other activities that involve the community in the project.
GrantorContactEmailDescription: Program Contact
GrantorContactText: Louise Thompson &lt;br/&gt;202.708.2684