HOPE II provided planning and implementation grants to public housing authorities, resident management corporations, resident councils, cooperative associations, public or private non-profit organizations, mutual housing associations, and other public entities in order to create homeownership programs in certain multi-family projects. Eligible households under the HOPE II program were tenants of an eligible property on the date U.S. Department of Housing and Urban Development (HUD) approved a grant and whose incomes did not exceed 80 percent of Area Median Income (AMI).