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HUD ANNOUNCES $27 MILLION IN "SWEAT EQUITY" GRANTS

WASHINGTON - The U.S. Department of Housing and Urban Development today awarded $26.6 million in "sweat equity" grants to produce at least 1,477 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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