Wednesday, January 18, 2017

HUD ANNOUNCES $10 MILLION IN "SWEAT EQUITY" GRANTS

Info from Hud.Gov
By: Hud.Gov | Jan 18, 2017

WASHINGTON - U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro today awarded $10 million in “sweat equity” grants to four non-profit self-help housing organizations through HUD’s Self-Help Homeownership Opportunity Program (SHOP). This funding will create at least 539 affordable homes and significantly lower their purchase price for low-income buyers, who will contribute their own labor toward the construction or rehabilitation of these units.......

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