Exactly $10 million in funding has been awarded to four separate programs by the Department of Housing and Urban Development to spur both homebuilding and homeownership nationally.
The funding is coming from HUD’s Self-Help Homeownership Opportunity Program, otherwise known as SHOP, and is designed to support local non-profit efforts to build new homes.
The Las Cruces-based Tierra del Sol Housing Corporation is receiving just over $2.1 million in grant funding through the program to provide new home-building opportunities in what are described as distressed and underserved communities.
Other SHOP recipients include the Atlanta-based Habitat for Humanity International, which is receiving more than $5.4 million in funding; the Washington-based Housing Assistance Council; and Community Frameworks of Spokane, Washington.
In a statement, David Woll, Jr., assistant secretary for community planning and development with HUD, said the recipient organizations are all “making a positive impact in communities across the country through strong partnerships they have formed between the public and private sectors.”
The Tierra del Sol Housing Corporation was launched in 1973 with a mission of improving the quality of life for low-income residents through affordable housing.
The SHOP funding for the Tierra del Sol group is expected to result in the construction of around 119 residential units.
By Garry Boulard
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