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HAC Awards Over $1 Million for Local Self-Help Homeownership Programs

Contact: Dan Stern
202-842-8600
dan@ruralhome.org

Washington, DC, May 22, 2019 – The Housing Assistance Council (HAC) is partnering with five organizations to build 75 self-help homes for low and moderate-income families. HAC finances these projects using $1.125 million in funds from the federal Self-Help Homeownership Opportunity Program (SHOP), which is administered by the U.S. Department of Housing and Urban Development (HUD).

Through the SHOP program, families create sweat-equity by participating in the home construction process, which lowers the overall construction costs and increases the affordability of their homes. “HAC has been an enthusiastic supporter of the SHOP program since its beginnings,” said David Lipsetz, HAC’s Chief Executive Officer. “It has been a valuable resource for creating safe, affordable housing and stable communities for low-income rural Americans. HAC is thrilled to work with local organizations across the nation and help families reach their dreams of homeownership.”

Local housing organizations leverage resources from a variety of private and public sources to provide this affordable housing opportunity to low- and moderate-income homebuyers. Many of the families participating in HAC-funded SHOP projects obtain low-interest mortgage loans from the U.S. Department of Agriculture’s Single-Family Housing Direct Home Loans program. By leveraging critical resources, including use of volunteer labor, self-help housing producers are able to create affordable, sustainable homeownership opportunities for low-income homebuyers.

SHOP funds cover costs associated with land acquisition and infrastructure improvements. Community-based organizations will train and supervise homebuying families who work together in groups to construct their own homes and their neighbors’. HAC’s local SHOP affiliates can use up to $15,000 per unit for eligible acquisition and site development costs. They are responsible for all construction activities, including securing additional funding, preparing sites, training families, and managing the self-help process.

Since the inception of the SHOP program, HAC has been awarded funding to produce 9,833 units of affordable housing for families. To date, HAC’s local partners have completed 9,608 homes. [tdborder][/tdborder]

About the Housing Assistance Council
HAC, founded in 1971, is a nonprofit corporation that supports the development of rural low-income housing nationwide. HAC provides technical housing services, loans from a revolving fund, housing program and policy assistance, research and demonstration projects, and training and information services. HAC is an equal opportunity lender.

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ORGANIZATION

STATE

TOTAL UNITS

Coachella Valley Housing Coalition

CA

26

Community Concepts, Inc.

ME

16

Neighborhood Nonprofit Housing Corporation

UT

24

Northwest Regional Housing Authority

AR

5

Rural Alaska Community Action Program

AK

4

Grand Total

75

A Guide to HACs SHOP 2013 Application – A Question and Answer Session

To have an event posted on our calendar*, please e-mail Dan Stern. Or send event description or brochure to:

Housing Assistance Council
Attn: Dan Stern
1025 Vermont Avenue, NW
Suite 606
Washington, DC 20005

Or fax to (202) 347-3441
Attn: Dan Stern

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*Calendar Posting Guidelines:

HAC’s calendar posts announcements about periodic conferences, training sessions, audioconferences, and the like. Topics must be relevant to professionals in the rural housing and community development arena. HAC reserves the right to accept or decline any request to post an item. We do not include sessions provided by entities (for-profit or nonprofit) that offer numerous regularly scheduled training events; links to such entities are provided below.

Community Connections
IPED

HUD Calendar
NeighborWorks
Novogradac and Compan

Back to Trainings

A Guide to HACs SHOP 2013 Application – A Question and Answer Session

Date: March 14, 2013
Time: 2:00 – 3:00 PM Eastern
Registration: https://cc.readytalk.com/cc/s/registrations/new?cid=y9azz6jlvuaa

The process of applying for a SHOP award can sometimes be complicated. Having the correct information and being prepared for possible obstacles is crucial for quickly completing and submitting an application. With this in mind, HAC has developed a training opportunity for those organizations and staff persons involved in HAC’s SHOP 2013 funding round. The goal of this training session will be to assist our applicants in completing and submitting an application and to answer any questions that will help applicants further understand HAC’s SHOP program and underwriting processes.

HAC would like to invite you to join us in this interactive training, scheduled for:

Thursday, March 14, 2013 at 2:00 PM
2:00 – 3:00 p.m. (Eastern Standard Time)

The session will begin with a brief presentation and will address any SHOP 2013 changes, as well as, many of the issues that typically confront applicants. Even if you are well on your way to completing your SHOP application (due by Tuesday, April 2, 2013), please join us for this informational question and answer session.

If you would like to participate in the training, please click the “Register Now” link below. Questions? Contact Tanisha Jacob at tanisha@ruralhome.org or (202) 842-8600 ext. 128. Training materials will be sent to you a day before the session and instructions on joining the webinar and teleconference will be included in a confirmation email after you register. We hope that you join us for this training!

Register Now!