|HUD No. 20-185
HUD Public Affairs
October 26, 2020
HUD ANNOUNCES $10 MILLION IN "SWEAT EQUITY" GRANTS
Grants help hundreds of families work alongside non-profits to build their homes and achieve homeownership
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in "sweat equity" grants to four non-profit self-help housing organizations which will create at least 536 affordable homes for hard-working, low-income families and individuals.
Funded through HUD's Self-Help Homeownership Opportunity Program (SHOP), the funding awarded today, along with the labor contributed by the homebuyers and numerous volunteers, will significantly lower the cost of homeownership.
"These grants allow hundreds of working families to become self-sufficient by putting in their very own hard work to make owning a home a reality," said HUD Secretary Ben Carson. "The SHOP program is a tremendous example of how private and public partnerships are working across our Nation to support homeownership and help more hard working Americans become homeowners.”
“HUD is proud to empower low-income families in achieving the American dream by allowing them to experience the uplifting power of work, self-sufficiency, and pride of ownership as they build and rehabilitate their own homes,” said HUD Principal Deputy Assistant Secretary for Community Planning and Development John Gibbs.
The following organizations will receive SHOP funds (see individual descriptions below):
|Habitat for Humanity International, Inc.||$5,341,907|
|Tierra Del Housing Corporation (Consortium)||$2,043,781|
|Housing Assistance Council||$1,294,080|
Additional Information on HUD’s Fiscal Year 2020 SHOP Grantees
Habitat for Humanity International, Inc. (HFHI) will receive a SHOP grant award in the amount of $5,341,907 and will leverage $43,110,363. HFHI is a private, non-profit, ecumenical Christian organization that has assisted Habitat affiliates in building and rehabilitating more than 100,000 self-help homeownership housing units in partnership with low-income people in the United States since 1976. Habitat’s mission is carried out locally by approximately 1,183 subordinate self-help homeownership housing organizations within a specific geographic service area in HFHI’s U.S. service area. This grant award will be used to complete a minimum of 285 SHOP units. Completed units will be sold to low-income homebuyers who have contributed a significant amount of sweat equity toward the construction of their homes.
Tierra del Sol Housing Corporation (TDS) will receive a SHOP grant award in the amount of $2,043,781 and will leverage $24,310,939. TDS is a regional housing community development corporation with the purpose of improving the quality of life and economic conditions of low-income persons residing in distressed and underserved communities, by providing affordable housing and community development through construction activities, lending, training and employment opportunities. The grant award will be used to complete a minimum of 112 SHOP units.
Community Frameworks (CF) will receive a SHOP grant award in the amount of $1,320,232 and will leverage $14,199,117. CF is a regional non-profit, self-help housing organization that serves the states of Idaho, Montana, Oregon, and Washington. CF will make SHOP funds available to 16 affiliates to purchase land and make necessary infrastructure improvements that support new construction and rehabilitation of the SHOP units. Each affiliate has flexibility to design a program that meets the needs of its community. Grant award funds will be used to complete a minimum of 70 SHOP housing units.
Housing Assistance Council (HAC) will receive a SHOP grant award in the amount of $1,294,080 and will leverage $138,881,854. HAC is a national non-profit, self-help housing organization that will use its SHOP funds in primarily rural areas to facilitate and encourage innovative homeownership opportunities through the provision of self-help housing. Local affiliates will compete for SHOP funding from HAC. Each affiliate has the flexibility to design a program that meets the needs of its community. SHOP funds will be used to purchase land and make necessary infrastructure improvements that support the new construction of SHOP housing units. Completed units will be sold to low-income homebuyers who have contributed a significant amount of sweat equity toward the construction of their homes. The grant award will be used to complete a minimum of 69 SHOP housing units.