PLANNING AND DEVELOPMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Opportunity Extension Act of 1996, Section 11, as amended.
facilitate and encourage innovative homeownership opportunities
through the provision of self-help housing where the homebuyer contributes
a significant amount of sweat equity toward the construction of
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AND USE RESTRICTIONS:
expenses for program funds are land acquisition and infrastructure
improvements, which taken together may not exceed an average of
$10,000 in assistance per dwelling. Additionally, up to 20 percent
of the grant amount may be used for administrative costs.
Eligibility: Funds are awarded competitively
to national or regional nonprofit organizations or consortia that
have experience in providing self-help housing homeownership opportunities.
AND AWARD PROCESS:
Eligibility: Eligible homebuyers are low-income
families who are otherwise unable to afford to purchase a dwelling,
and who provide significant amounts of sweat equity or volunteer
labor to the development of the dwellings.
This program is subject to the provisions of 24 CFR part 84 for
Coordination: None. This program is excluded
from coverage under E.O. 12372.
Procedure: Applications may be submitted in
response to the annual publication of the SuperNOFA in the Federal
Register. The General Section and SHOP NOFA detail the submission
requirements. There is no application kit.
Procedure: Based upon the requirements published
in the Federal Register SuperNOFA, respondents are notified of
acceptance or rejection.
As indicated in the Federal Register SuperNOFA publication.
of Approval/Disapproval Time: From 60 to 90
and Matching Requirements: Leveraging of other
public and/or private resources and homebuyer sweat equity and volunteer
labor are required to complete housing construction.
and Time Phasing of Assistance: Assistance
is released on an as-needed basis over a 24-month period. For
affiliates that develop 5 or more dwellings units, up to a 36-month
Quarterly, annual progress and final close-out reports.
The audit requirements in 24 CFR part 45 (implementing OMB Circular
No. A-133) apply. In accordance with the provisions of OMB Circular
No. A-133, (Revised, June 24, 1997), "Audits of States, Local
Governments, and Non-Profit Organizations," nonfederal entities
that expend financial assistance of $300,000 or more in Federal
Awards will have a single or a program-specific audit conducted
for that year. Nonfederal entities that expend less than $300,000
a year in Federal awards are exempt from Federal audit requirements
for the year, except as noted in Circular No. A-133.
All records applicable to the program must be kept for three years
(Grants) FY 01 $19,956,000; FY 02 est $22,000,000; and FY 03 est
$65,000,000. (NOTE: Amounts reported reflect allocation of new
budget authority rather than obligation amounts.)
and Average of Financial Assistance:
Four grants were awarded with FY 2014 & 2015 funds. They ranged from $562,500 to $6,211,368. The average grant was $1,693,342.
1,655 units were completed in fiscal year 2001 and 3,407 are under
development. 1,800 units are expected to be completed in fiscal
GUIDELINES, AND LITERATURE:
The statute and SHOP NOFA constitute the regulations.
or Local Office: None.
Martha Murray 451 7Th Street SW, Washington, District of Columbia 20410 Email: firstname.lastname@example.org Phone: 202-708-2684 Fax: 202-708-1744
Web Site Address:
OF FUNDED PROJECTS:
FOR SELECTING PROPOSALS:
Applications are reviewed according to the rating factor requirements
set forth in the SuperNOFA.