There
are three affordable housing programs within the office of Community
Planning and Development. They are the HOME Program, SHOP and HOZ.
HOME
program
The HOME program helps to expand the
supply of decent, affordable housing for low and very low- income
families by providing grants to States and local governments called
participating jurisdictions or "PJs". PJs use their HOME
grants to fund housing programs which meet local needs and priorities.
PJs have a great deal of flexibility in designing their local HOME
programs within the guidelines established by the HOME program statute
and Final
Rule. PJs may use HOME funds to help renters, new homebuyers
or existing homeowners.
SHOP
SHOP
provides funds for non-profit organizations to purchase home sites
and develop or improve the infrastructure needed to set the stage
for sweat equity and volunteer-based homeownership programs for
low-income families. SHOP is authorized by the Housing
Opportunity Program Extension Act of 1996
as ammended, Section 11, and is subject to other Federal crosscutting
requirements. National and regional nonprofit organizations or consortia
with experience in using volunteer labor to build housing may apply.
This is a competitively based program funded through the NOFA.
HOZ
The
Homeownership
Zone
program allows communities to reclaim vacant and blighted properties,
increase homeownership, and promote economic revitalization by creating
entire neighborhoods of new, single-family homes, called Homeownership
Zones. Communities that apply for HOZ funds are encouraged to use
New Urbanist design principles by providing for a pedestrian-friendly
environment, a mix of incomes and compatible uses, defined neighborhood
boundaries and access to jobs and mass transit. There have been
two competitive funding rounds, one in federal fiscal year 1996
(FY 96) and one in federal fiscal year 1997 (FY 97). No further
funding has yet been made available for this program.
|