All that you need to know about government housing grants and foster grandparent programs

The US Department of Housing and Urban Development (HUD) distributes more than $1 billion in government housing grants each year. This federal agency works to help the nation’s communities meet their development, provide housing assistance for the poor, and spur economic growth in distressed neighborhoods. The money provided by the Community Development Block Grant (CDBG) program of HUD may be used for community development activities such as rehabilitation of housing upgrading and maintenance of neighborhood centers, and prevention or elimination of slums of blight, and to address an urgent threat to health or safety.   
 
HOME Investment Partnership Program, commonly known as HOME government housing grant, provides money to state and local governments to create affordable housing for low-income households. Assisted Living Conversion Program for Eligible Multifamily Projects is a foster grandparent program that provides grants for the conversion of some or all of the dwelling units for frail elderly persons. Low Income Housing Tax Credit (LIHTC) is an indirect subsidy program that provides incentives to private companies for investing in affordable housing. Investors receive the credit over a 10-year period. There are two types of LIHTC credits – 9 percent and 4 percent. 9 Percent LIHTC is typically used for new constructions and larger renovation projects while 4 Percent LIHTC is primarily used for preservation and acquisition-rehab projects.   
 
Grant for senior citizens   
 
Many retired senior citizens live on a fixed income and may not be able to support several additional costs that come their way. Foster grandparent programs are designed to help seniors in need of financial assistance. Some of these programs are not awarded directly to a senior citizen, but to a nonprofit or other charity that has programs to financially help the seniors in their community. Awarded by the US Department of Agriculture and Rural Development (USDA), low-income housing repair foster grandparent program is for the seniors that do not meet an income minimum, and live in a rural area with a population of 10,000 or less. The senior(s) applying for this foster grandparent program must be 62 or older, and use the grant money to make repairs to their home, which they would not be able to repay through a loan.  
 
Foster grandparent program   
 
Awarded by the Corporation for National and Community Service, foster grandparent program is for seniors 55 and older who will participate in volunteer services. These seniors will average between 15 and 40 hours of volunteering a week to help children read, advise troubled teens, etc. If they qualify as low income, they may receive small payments for their time and will also receive the proper training, free meals, and accident insurance. This program is to help keep seniors active in the community and mentor the new generations.  
 
To get more information on government housing grants, foster grandparent program, and other grant opportunities, such as childcare grants, grants for women returning to college, commercial property grants, business grants for veterans, and more, you can register yourself at GovernmentGrants.us for just $29.95. This monthly membership fee is refundable in case your grant application is rejected. GovernmentGrants.us also has professional grant writers to help you with your grant writing process.   


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