The U.S. Department of Housing and Urban Development (HUD) issued $26.6 million in grants through the Self-Help Homeownership Opportunity Program (SHOP) to four organizations. The grants will allow for the creation of 1,477 homes for low-income homebuyers.
The Self-Help Homeownership Opportunity Program (SHOP) provides grants to purchase land and install or improve infrastructure. Homebuyers are required to contribute a minimum of 100 hours of sweat equity on the construction of their homes and/or the construction of homes of other buyers participating in the local self-help programs, which significantly reduces the cost of housing.
HUD Secretary Shaun Donovan stated “[t]hese grants are about families devoting their own sweat and labor into their American Dream…With the help of these organizations and volunteers, families are able to see that dream become reality brick by brick.”
Funds were awarded to the following organizations:
|
Recipient |
Headquarters |
Amount |
| Community Frameworks | Bremerton, Washington |
$2,978,716 |
| Habitat for Humanity International | Americus, Georgia |
$14,664,239 |
| Housing Assistance Council | Washington, DC |
$8,333,535 |
| Tierra del Sol Corporation | Anthony, New Mexico |
$700,050 |
|
TOTAL |
$26,676,540 |
