WASHINGTON, DC – June 16, 2011 – (RealEstateRama) — The U.S. Department of Housing and Urban Development today awarded $26.7 million in “sweat equity” grants to produce at least 1,500 affordable homes for low-income individuals and families. Funded through HUD’s Self-Help Homeownership Opportunity Program (SHOP), the funding awarded today, along with the labor contributed by these households, will significantly lower the cost of homeownership.
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