Government housing grants give you the opportunity to become a homeowner

 

The US Department of Housing and Urban Development (HUD) administers block grants to help fund affordable rental and homeownership activities as well as neighborhood revitalization. HUD works through local governments and non-profit organizations to make financial assistance and counseling available to eligible individuals. HUD uses a formula for government housing grants to allocate funds for each program to large cities and urban counties. To be eligible for these government housing grants, jurisdictions are required to submit a consolidated plan about the local housing needs of low- and moderate-income residents. HOME Investment Partnership Program by HUD, commonly referred to as HOME, distributes approximately $1bn to states and participating localities.  

Government housing grants provide an alternative for low-income families to secure funds needed for obtaining housing. These can be used for purchasing a home, buying rental property for housing income, making major renovations on existing properties, and settling foreclosure. Federal government is the main source of government housing grants which offers grant programs through a collaborative initiative of HUD, and banks. Even if you have been turned down by the bank for a home loan, you can still qualify for government housing grants.   

Grants for low to moderate-income groups, and minorities   

In addition to actual government housing grants, assistance is offered in the form of low-interest loans and down payment funding to help families that have no other means to become a homeowner. These federal housing programs are the largest single source of government housing grants. However, these aren’t the single source of housing grants, states also offer various kinds of grant programs for families with low- to moderate-income, minorities, and women homeowners. You can check HUD’s website about various government housing grants, and the description of each program. Different programs have different funding available each year, so you should check about it periodically. As grants are not a loan and are not required to be repaid, you should keep a watch on various government housing grants available, as it can be financially life-changing if you are able to receive them.   

Housing grants are available for urban and rural areas

First-time homeowners and previous homeowners may be eligible, without any regard to family size. The applicant can be single or married, as eligibility is based on credit rating. Nevertheless, a wide range of government housing grants are available, and they can be arranged for literally any location, whether you want to buy into an urban area, or a rural one. Grants are also available for senior citizen communities, and for purchasing commercial property. Some government housing grants are awarded for completely refurbishing a home or cooling system, or installing a brand-new furnace to replace an old one.   

Gain access to all grant opportunities

   

GovrenmentGrants.us provides you with complete visibility on various government housing grant opportunities available. The research team at GovernmentGranst.us keeps updating the website with the latest government housing grants and other grants offered by federal, state, and local governments. For a small fee of $29.95 for the first month of access, you can have complete information on all the grants that you are eligible for. In case your application is rejected for the grant shown on GovernmentGrants.us and for which you were eligible, your membership fee will be immediately refunded.