Available Applications:
If you are unfamiliar with the application process, please be sure and read all of the following which provides an overview and insight into application eligibility.
The Re-Use application is only needed when you are requesting to Re-Use SHOP and you are not submitting a Project Application prior to your Re-Use request.
OVERVIEW of SHOP Eligible Expenses:
- To acquire land (acquisition)
- To reimburse you for land acquired (acquisition reimbursement)
- To build infrastructure and other land development (infrastructure)
- To reimburse you for infrastructure you have paid for (infrastructure reimbursement)
- Eligible Expenses are for Land Acquisition and Infrastructure Improvements
- As gap financing for your affordable home buyer after being used first in one of the above, but limited to no more than the market value of the lot.
Generally, to become eligible for SHOP funds, each interested non-profit or public agency completes a survey at the request of Community Frameworks, which becomes part of our application in response to the HUD SHOP NOFA. Each survey applicant receives an “earmark” of SHOP funds when Community Frameworks is awarded.
An earmark is SHOP funding that is available to you when you need it. You are eligible to receive your earmark once we have received and approved your Annual Re-Certification application and your Project application.
As mentioned above there are two parts to accessing your earmark.
- Each year by the end of September you must submit an Annual Re-Certification Application which covers your organization and program.
- When you are ready to access your earmark, you submit a Project Application. This application covers all aspects of the project being partially funded by SHOP. Your Project Application will only be accepted with a copy of your Re-Certification Acknowledgment Letter (or new certification if a first time SHOP user).
- ONLY COMPLETE PROJECT APPLICATIONS will be accepted. A complete application is defined as: all questions answered, data provided ties together well throughout the application, all budget forms completed, the Responsible Entity for the Environmental Assessment (EA) has been determined and the request for EA has been made. Section 3 requirements met (if applicable) and URA requirements met.
PRIOR TO COMPLETING EITHER APPLICATION
It is VERY IMPORTANT that you review the information in this section before taking the time to complete either application. Your Organization, Program, and Project must comply with the following to be considered for a SHOP loan.
Whether for Acquisition or Infrastructure activity |
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Occupancy must take place PRIOR to these dates |
Costs incurred by your agency for the SHOP request must take place AFTER these dates |
| SHOP 05 |
June 21, 2010 |
November 7, 2005 |
| SHOP 06 |
May 21, 2011 |
March 8, 2006 |
| SHOP 07 |
January 1, 2012 |
March 18, 2007 |
| SHOP 08 |
February 1, 2013 |
May 12, 2008 |
| SHOP 09 |
February 25, 2014 |
July 13, 2009 |
- HUD approval of the EA (NEPA) MUST be obtained prior to beginning any ON-SITE WORK
- Lots sold to the end user ARE NOT eligible for SHOP Reimbursement
- When the total cost to acquire and or develop a lot, including all sources of funding, exceeds the market value of the build ready lot, your project application must support that this was a result of market forces; this is detailed in Section VI, Property Value Documentation in the Project Application
- If your SHOP request is for land development/infrastructure AND exceeds $200,000 a Section 3 Plan MUST be a part of the Project Application and be implemented prior to any land development/infrastructure taking place.
- New SHOP may be used to take out revolved SHOP (SHOP that you have used before that has revolved back into your program’s SHOP Revolving Loan account upon sale of lot or home, which was used in the subject property), bank and public source loans, your agency’s funds, and other funds that you revolve in and out of property. SHOP funds may not be used to take out project specific grants and donations.
- While SHOP funds may be used for infrastructure improvements within a subdivision, SHOP funds can be used only for activities that are on property owned by the SHOP affiliate, so please keep in that in mind while completing the sources portion of the budgets.
- All outstanding Site Visit and Compliance issues must be cleared prior to submitting either an Annual Re-Certification or a Project Application.
OTHER REQUIRED CRITERIA
- Eligible Expenses are for Land Acquisition and Infrastructure Improvements
- Applicant must be a nonprofit or public agency.
- SHOP funds must serve clients at or below 80% of Area Median Income.
- Owner-builder clients must be otherwise unable to purchase a home.
- Your program must require homebuyers to contribute a minimum of 100 hours of sweat equity labor. In the case of a household with only one adult homebuyer, the requirement is 50 hours of sweat equity labor. Both cases must have a volunteer component (there is no minimum volunteer labor hours); any hours that the homebuyer family contributes to their own home is counted as Sweat Equity Labor; any hours that the homebuyer contributes to the construction of homes other than their own can be counted as volunteer labor or their hours toward the minimum requirements). Both types of hours and the tasks performed are required to be tracked.
- Must comply with all applicable HUD cross-cutting regulations.
- All SHOP 2008 and 2009 must comply to Energy Star requirements.
Re-certification Application
Project Application
Re-Use Application
Applications must be sent electronically. If you are unable to sumbit electronically, a waiver may be granted to submit a hard copy.
Send your completed SHOP Application to:
communityframeworks@gmail.com
Or
Call (360) 377-7738 ext. 24 to make arrangements for hard copy submission
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