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SHOP: LENDING & CONSULTING SERVICES
  APPLICATIONS  
  Accessing SHOP Funding as a Community Frameworks Affiliate

Application submittal:

If you are unfamiliar with the SHOP application process, please be sure to review all entries in this Applications section which provides an overview and insight into application eligibility and process. Review also the Compliance Links section for regulatory requirements.

  • All applications must be sent electronically to: communityframeworks@gmail.com
  • If you are unable to submit electronically, call (360) 377-7738 ext. 323 to request a waiver and make arrangements for hard copy submission


 
 
Expand and Collapse Text SHOP Eligible Expenses

  • To acquire land for sweat equity homeownership (acquisition)
  • To reimburse for land acquired (acquisition reimbursement)
  • To build infrastructure and develop building lots (infrastructure)
  • To reimburse for infrastructure costs incurred (infrastructure reimbursement)
  • Upon sale of a SHOP-funded property, SHOP funds may be revolved to mortgage financing for homebuyers in your sweat equity program, limited to no more than the market value of the lot (also referred to as Re-Use).
  • See more details about SHOP Eligible Expenses.

 
 
Expand and Collapse Text Application Process Overview

        Sweat equity program eligibility:
  • The applicant for SHOP funds must be a nonprofit or public agency.
  • SHOP funds must serve clients at or below 80% of Area Median Income who are unable to purchase a home without the sweat equity program.
  • Homebuyers must contribute a minimum of 100 hours of sweat equity labor, or a minimum of 50 hours for a household with only one homebuyer on title.
  • Volunteer labor is also required, while there is no minimum set for Volunteer hours.
  • Homebuyers must receive fair value for sweat equity labor via a cost reduction for the completed unit at closing.
  • Projects must comply with all applicable HUD regulations (See Compliance Links).

        Accessing SHOP Funding:
  • Interested nonprofits or public agencies typically complete a survey in coordination with Community Frameworks which becomes part of an application to HUD in response to the annual SHOP NOFA.
  • Upon Community Frameworks’ receipt of a SHOP award notice, each surveyed organization receives an “earmark” of SHOP funds for use in future projects as a Community Frameworks SHOP Affiliate.
  • Contact Community Frameworks to seek a SHOP earmark or to learn how to access unallocated SHOP funds outside of the NOFA survey process.
  • SHOP Affiliates are eligible to borrow earmarked funds upon approval of:
    • an annual Re-Certification Application (analysis of organizational capacity)
    • a SHOP Project Application and all subsequent loan conditions
  • Thoroughly review these application forms, all Compliance Links, and the Deadlines below prior to deciding to apply for SHOP funding.
  • Contact Community Frameworks to request access to SHOPTools, a toolbox of forms and sample documents to help streamline your sweat equity housing operations.

Dates apply to all new SHOP funding requests
(Acquisition | Acquisition Reimbursement | Infrastructure | Infrastructure Reimbursement)
SHOP
Year
Project Application
Deadlines
Occupancy
Deadlines
Costs to be funded or
reimbursed must be
incurred by the Affiliate
AFTER these dates
2016 July 26, 2018 January 26, 2020 August 10, 2016
2017 TBD TBD TBD

  • All applications must be sent electronically to: communityframeworks@gmail.com
  • If you are unable to submit electronically, call (360) 377-7738 ext. 323 to request a waiver and make arrangements for hard copy submission

 
 
Expand and Collapse Text Annual Re-certification Application

 
 
Expand and Collapse Text Project Application

 
 
Expand and Collapse Text Re-Use Application

  • The Re-Use Application is only needed when you are requesting to Re-Use SHOP funds for revolved uses not specifically incorporated into a Project Application.

 
 
 
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