Government Grants for Home Repair and Remodeling
Government grants for home repair and remodeling have this big advantage of not requiring any repayment. This is definitely a better option as compared to loans. This is offered by the government so that the home value increases and this leads to the strengthening of the economy. These programs are official but have specific factors to be considered. These government grants are offered by the state, federal or the local government. As these do not require to be repaid they tend to have strict rules which need to be complied with.
Where can you find grants?
All the information you need about the required government grants for home repair and remodeling is available with the federal government and the local government. It is advisable to visit the office in-person so that you can get the latest information on the grant. You can also inquire from the local charities or churches who offer this emergency grants.
Basics of Home Improvement grants:
The USDA (The Rural Development Arm of the U.S Department of Agriculture) is a government grant for home repairs and remodeling, offering grants to those individuals who can meet the listed criteria
*Is not able to procure the required credit from any other source
*Is the owner of the house and occupies the same
*Meet the limitations set for income
*Is at least 62 years
These grants have their own set of limitations. You need to ensure that you use the grant money for repairing the safety and health hazards or probably make the home accessible to the handicapped.
You can also opt for grants from the HUD if you fall into the low income bracket. These grants can be used for the requirement of improving the home against weather conditions or even emergency repairs.
Eligibility and Requirements:
The eligibility and the requirements of the government grants for home repair and remodeling tends to vary in accordance to the state. Most of these grants require the income proof, the proof of location and the type of project.
These government grants for home repair and remodeling need a proof of the income along with a proof of the financial need. Besides this, the house needs to be assessed by a government official for the repairs. The estimated cost of the project needs to be handed over.
These government grants are limited in number, this it is important to ensure you have all the required documents in place.
Grants for Elderly and the Disabled:
The U.S government offers a list of the different government grants for home repair and remodeling to the elderly and disabled. Most of these grants are offered to those who are of the age 62 or probably disabled.
There are specific government grants for the veterans, low-income and also the Native American. A little effort taken can help you find the grant which is applicable to your situation. You can plan on opting for professional help for the government grants for home repairs and remodeling so that you are assured of the grant.