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Self-Help Homeownership Opportunity Program (SHOP)
Housing and Lending Information from HUD


 
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Self-Help Homeownership Opportunity Program (SHOP)

Self-Help Homeownership Opportunity Program (SHOP)
The Self-Help Homeownership Opportunity Program enables families to become homeowners with an investment of "sweat equity" – contributing their own labor to help with such tasks as painting, landscaping, carpentry and roofing. HUD grants will provide subsidies averaging $10,000 to lower the price of each home. Families unable to afford a home and having incomes below 80 percent of the area median income are eligible to receive HUD assistance under SHOP. HUD web site at hudweb.hud.gov/focus/current/jul01foc.htm

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Copyright 2006. Keith P. Graham