Opportunity ID: 327752
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | FR-6400-N-19 |
| Funding Opportunity Title: | Self-Help Homeownership Opportunity Program (SHOP) |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Housing Opportunity Zone Benefits |
| Category Explanation: | – |
| Expected Number of Awards: | 4 |
| Assistance Listings: | 14.247 — Self-Help Homeownership Opportunity Program |
| Cost Sharing or Matching Requirement: | Yes |
| Version: | Synopsis 1 |
| Posted Date: | Jun 17, 2020 |
| Last Updated Date: | Jun 17, 2020 |
| Original Closing Date for Applications: | Aug 18, 2020 The application deadline is 11:59:59 pm Eastern Standard time on |
| Current Closing Date for Applications: | Aug 18, 2020 The application deadline is 11:59:59 pm Eastern Standard time on |
| Archive Date: | – |
| Estimated Total Program Funding: | $10,000,000 |
| Award Ceiling: | $10,000,000 |
| Award Floor: | $1,145,000 |
Eligibility
| Eligible Applicants: | Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education |
| Additional Information on Eligibility: | Individuals, foreign entities, and sole proprietorship organizations are not eligible to compete for, or receive, awards made under this announcement. |
Additional Information
| Agency Name: | Department of Housing and Urban Development |
| Description: | This SHOP NOFA announces the availability of $10,000,000 in FY2020 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 and administration 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. 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. |
| Link to Additional Information: | https://www.hud.gov/program_offices/spm/gmomgmt/grantsinfo/fundingopps |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
Thann Young
Thann.Young@hud.gov Email:Thann.Young@hud.gov |
Version History
| Version | Modification Description | Updated Date |
|---|---|---|
Related Documents
Packages
| Agency Contact Information: | Thann Young Thann.Young@hud.gov Email: Thann.Young@hud.gov |
| Who Can Apply: | Organization Applicants |
| Assistance Listing Number | Competition ID | Competition Title | Opportunity Package ID | Opening Date | Closing Date | Actions |
|---|---|---|---|---|---|---|
| 14.247 | FR-6400-N-19 | Self-Help Homeownership Opportunity Program (SHOP) | PKG00262251 | Jun 17, 2020 | Aug 18, 2020 | View |
Package 1
Mandatory forms
Optional forms
Share This Post, Choose Your Platform!
About the Author: osnqt
