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RCAC Self-Help Builder News December 2011 Volume 4, Issue 4 >
HUD supplies grants through self-help housing program
Nearly 1,500 homes will be built with more than $26 million in grants from the U.S. Department of Housing and Urban Development (HUD) through the agency's Self-Help Homeownership Opportunity Program (SHOP).
HUD Secretary Shaun Donovan stated SHOP will provide affordable housing for low-income residents who, with the guidance of professionals, will help construct their new residences.
"These grants are about families devoting their own sweat and labor into their American dream," said Donovan. "With the help of these organizations and volunteers, families are able to see that dream become reality brick by brick."
Two of the four organizations to receive the "sweat equity" grants through SHOP include Community Frameworks of Bremerton, Washington, and the Tierre del Sol Corporation of Anthony, New Mexico. The grants for these organizations total nearly $3.7 million.
The HUD program is similar to the USDA-RD's Self-Help Housing Program which also helps very low- and low-income residents construct their own homes. RCAC provides assistance to residents through both of these programs.
For further reference, check out this source: U.S. Department of Housing and Urban Development.