SHIP Assistance Program
This Not-For-Profit Developer (NFPD) strategy assists with the construction or rehabilitation of homes sold by non-profit developers. This strategy will provide a subsidy to eligible sponsors, as established by resolution, to pay development costs, including fees charged by government entities, in conjunction with residential construction (impact fees, building permits, utility fees, etc.), wells, septic and site preparation. Any funds not used for the payment of development costs may be used to offset cost of construction or rehabilitation of an acquired eligible housing unit. Sponsors eligible will be those of 501(c)(3) agencies that build or repair affordable homes.