Saturday, 21 May 2016

Federal Housing Grants & Financial Assistance-Grant Programs For Homeowners

A safe and secure shelter for the family is an indispensable need for all; however, for low and moderate income earning families, a permanent home can be a distant dream. Paying off the monthly rents, mortgages or loans with meager income can be baffling as nonpayment can cause evictions, foreclosure, and homelessness.
If you are seeking for rental assistance then look for federal housing grants that offer monetary assistance, affordable housing and financial backing for home purchasing. Visit the state, county and community offices and nonprofit organizations to look for your federal housing grants.
U.S. Department of Housing and Urban Development (HUD)
Federal Housing Grants Financial Assistance
HUD, a U.S. federal agency, is committed to render housing assistance programs to low-income families. Every year it distributes almost $1 billion grant money to financially challenged families through state agencies, counties, nonprofit organizations, local governments, facilitating affordable shelter for all. HUD has also enforced fair housing laws to discourage discrimination on any grounds and disburses grants based on the income and requirement level of the applicants. HUD housing grants include:
Housing Choice Voucher Program (Section 8)
HOME Investment Partnerships Program
Public Housing Family Self-Sufficiency
The Homeless Prevention and Rapid Re-Housing Program
Supportive Housing for the Elderly
Supportive Housing for Persons with Disabilities
Tenant Resource Network (TRN)
USDA Rural Development
United States Department of Agriculture offers housing grants to low-income families residing in rural areas for compensating for rent and mortgage. It aims at providing homeownership opportunities through grants and loan programs. The income level of the applicant is evaluated based on which vouchers are offered to compensate the overdue payment to the renter. 
You may opt for the USDA Multi-Family Housing Programs to avail affordable housing opportunities for your family. The program is applicable for elderly, disabled people, low, very low and moderate-income families.

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Community Development Block Grant Program (CDBG)
CDBG was initiated by President Gerald Ford in 1974 to offer housing assistance to people with inadequate income levels. Administered by HUD, CDBG is embarked upon providing community development programs such as maintenance of neighborhood, real estate acquirement, relocation, and others.
State Homeless Grants
Look for housing grants in your state to pay off your rents, mortgages, and loans. To prevent homelessness and evictions every state allocates funds to municipal departments and counties that are disbursed to eligible families for rental aid. Visit the Public Housing Authority to seek your housing financial support.

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Public Housing Program
Public housing or subsidized housing is committed to offering affordable shelter to families with monetary constraints. Administered by state, local and federal agencies, the programs seek to offer accommodation facilities in convenient locations within the city at reasonable prices. The rents are lower than the market rates enabling you to reside within the city. The public housing program is funded by HUD and operated by local and state housing authorities.
Start researching and apply for federal housing grants that provide your family with a safe and secure shelter to dwell in.




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