The Department of Housing and Urban Development (HUD) has awarded $10 million in Self-Help Homeownership Opportunity Program (SHOP) grants.
The money will help three national and regional organizations facilitate innovative homeownership opportunities, especially in low-income communities.
“These grants are a step forward in closing the homeownership gap in this nation,” HUD Deputy Secretary Adrianne Todman said in a release. “With these funds, we are boosting homeownership opportunities through the help of local organizations that prioritize our mission of providing accessible housing to all. We now need to enact the president’s Build Back Better Act to bring our nation closer to making the dream of homeownership a reality for all Americans.”
Three national and regional groups were selected to distribute the funds to local initiatives that support affordable housing and community development – Habitat for Humanity International, Inc. (HFHI); Housing Assistance Council (HAC) and Community Frameworks (CF).
The awards will be used to increasing administrative support to projects that facilitate and encourage innovative homeownership opportunities through the provision of self-help housing, especially in rural areas. The continued partnership with local communities and organizations will help rebuild and revitalize neighborhoods and improve the lives of residents by expanding access to affordable housing and homeownership opportunities, HUD said.
The SHOP grants will be distributed as follows:
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