Notice of Funding Availability for Fiscal Year 2010 for Self-Help Homeownership Opportunity Program (SHOP)

Publication Date: February 1, 2011

Summary: This SHOP NOFA announces the availability of $26,730,000 in FY2010 SHOP funding to be awarded to national and regional nonprofit organizations and consortia to facilitate and encourage innovative homeownership opportunities on a geographically diverse basis through the provision of  self-help homeownership housing programs.  Grant funds may be used for land acquisition, the installation or improvement of infrastructure, and for  reasonable and necessary planning, administration and management costs.  The average SHOP expenditure for the combined costs of land and  infrastructure may not exceed $15,000 per dwelling unit.  SHOP homeowners must contribute a significant amount of sweat equity towards the purchase of  their units.  Donated volunteer labor is also required.  Assisted units must be decent, safe, and sanitary non-luxury dwellings that comply with local building and safety codes and standards.  These units must be sold to eligible low-income homebuyers at prices below the prevailing market price.  The homebuyer’s sweat equity contribution may not be  mortgaged or otherwise restricted upon future sale of the SHOP unit.  SHOP grantees may award SHOP funds to affiliates to carry out the grantee’s SHOP  program.

Application Deadline: March 30, 2011