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HUD Awards $13.5 Million in “Sweat Equity” Grants

June 14, 2012 Print ShareThis

WASHINGTON – The U.S. Department of Housing and Urban Development today awarded $13.5 million in “sweat equity” grants to produce at least 741 affordable homes for low-income working families and individuals.  Funded through HUD’s Self-Help Homeownership Opportunity Program (SHOP), the grants awarded today, along with the labor contributed by these families, will significantly lower the cost of homeownership.

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Tags: Press Releases SHOP