Self-Help Homeownership Opportunity Program (14.247)

 

Program

14.247 Self-Help Homeownership Opportunity Program

 

Federal Agency

COMMUNITY PLANNING AND DEVELOPMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

Authorization

Housing Opportunity Extension Act of 1996, Section 11, as amended.

 

Program Number

14.247

 

Last Known Status

Active

 

Objectives

To 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 the dwellings.

 

Types of Assistance

Project Grants.

 

Uses and Use Restrictions

Eligible 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 Requirements

Applicant Eligibility

Funds are awarded competitively to national or regional nonprofit organizations or consortia that have experience in providing self-help housing homeownership opportunities.

Beneficiary 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.

Credentials/Documentation

This program is subject to the provisions of 24 CFR part 84 for nonprofit organizations.

 

Application and Award Process

Preapplication Coordination

None. This program is excluded from coverage under E.O. 12372.

Application 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.

Award Procedure

Based upon the requirements published in the Federal Register SuperNOFA, respondents are notified of acceptance or rejection.

Deadlines

As indicated in the Federal Register SuperNOFA publication.

 

Range of Approval/Disapproval Time

Appeals

None.

Renewals

Not applicable.

 

Assistance Considerations

Formula and Matching Requirements

Leveraging of other public and/or private resources and homebuyer sweat equity and volunteer labor are required to complete housing construction.

Length 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 period.

 

Post Assistance Requirements

Reports

Quarterly, annual progress and final close-out reports.

Audits

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.

Records

All records applicable to the program must be kept for three years following close-out.

 

Program Accomplishments

2,063 units were completed in fiscal year 2002 and 2,936 units are under development. 1,800 units are expected to be completed in fiscal year 2003.

 

Financial Information

Account Identification

86-0162-0-1-451.

Obligations

(Grants) FY 02 $22,000,000; FY 03 est $25,086,000; and FY 04 est $65,000,000.

Range and Average of Financial Assistance

$351,000 to $10.8 million; $4.4 million.

 

Regulations, Guidelines and Literature

The statute and SHOP NOFA constitute the regulations.

 

Related Programs

None.

 

Information Contacts

Regional or Local Office

None.

Headquarters Office

Lou Thompson, Office of Affordable Housing Programs, Community Planning and Development, Department of Housing and Urban Development, 451 7th Street, SW., Washington, DC 20410. Telephone: (202) 708-2684. E-mail Louise_D._Thompson@HUD.GOV.

Web Site Address

http://www.hud.gov/progdesc/cpdindx.html

 

Examples of Funded Projects

Not applicable.

 

Criteria for Selecting Proposals

Applications are reviewed according to the rating factor requirements set forth in the SuperNOFA.