The Department of Housing and Urban Development (HUD) recently announced that it has awarded $10 million in grants to four non-profit housing organizations, which will be used to create at least 538 affordable homes for low-income families.
According to HUD’s press release, these grants will be funded through its Self-Help Homeownership Opportunity Program (SHOP) and were awarded to the following organizations:
- Habitat for Humanity International
- Housing Assistance Council
- Community Frameworks
- Tierra Del Sol Housing Corporation
Through these grants, along with labor contributions from homebuyers and volunteers, HUD hopes to significantly lower the cost of construction – making homeownership a reality for families who otherwise would not be able to afford a home.
For more information, check out HUD’s press release.