1. Updated SHOP Policies:
SHOP UNIT SALE PRICE
SWEAT EQUITY VALUATION
VOLUNTEER LABOR REQUIREMENT
SWEAT EQUITY CREDIT
SWEAT EQUITY LABOR AGREEMENT
LIEN RELEASE

2. SHOP Unit Sale Price

3. Sweat Equity Valuation

4. Sweat Equity Valuation Continued
The following are acceptable methods of determining SE Value:

5. Volunteer Labor Requirement

6. Volunteer Labor Requirement continued

7. Sweat Equity Credit

8. Sweat Equity Credit continued

9. Sweat Equity Labor Agreement

10. Sweat Equity Labor Agreement continued

11. Sweat Equity Labor Agreement continued

12. Lien Release

13. Lien Release continued

14. Sweat Equity Value / Credit language in Labor Agreement – Disclosure + option for Crediting

15. Crediting Sweat Equity through Purchase & Sale Agreement

16. Execute an Amendment to the Purchase & Sale Agreement
Crediting Sweat Equity through Purchase & Sale Agreement continued
-OR-
Execute an Amendment to the Purchase & Sale Agreement
at or before closing reducing the Purchase Price by the SE Value

17. Crediting Sweat Equity through HUD-1 Credit

18. Crediting Sweat Equity through HUD-1 Credit continued

19. SUMMARY SHOP Unit Sale Price must be below Prevailing Market Price
Labor Agreement must disclose SE Value and how homebuyer will receive SE Credit
Homebuyer must receive their full SE Value as an SE Credit
Language in Labor Agreement
Language in or Addendum to Purchase & Sale Agreement
Credit to homebuyer on HUD-1
Evidence of compliance will be required at lien release