Grants for Low Income Homes

By Lindsey Klingele
Millions of dollars in grant money is awarded to low-income homeowners and renters each year.

house image by Earl Robbins from Fotolia.com

The United States government offers a variety of grants for low-income individuals who are looking to buy, keep or maintain a home. Most are offered by the Department of Housing and Urban Development or the U.S. Department of Agriculture. Unlike loans, the grants award financial assistance to low-income homeowners without the stipulation that the money must be repaid.

Rural Housing Preservation Grants

The Utilities Programs agency of the U.S. Department of Agriculture offers Rural Housing Preservation Grants for low-income and very-low-income homeowners in rural areas. The grant money is designed to go to individuals who are looking to repair or rehabilitate their homes. The actual grants are awarded to county governments, public housing authorities and non-profit organizations that can then divvy the money up to local individuals. Each grant winner receives upwards of $100,000, and the entire program has a funding ceiling of little more than $10 million. The program also awards money to housing complexes and apartment buildings if they are willing to offer units to low-income individuals or families.

Rural Housing Preservation Grants

United States Department of Agriculture

1400 Independence Ave., SW

Washington, D.C. 20250

usda.gov

Choice Neighborhoods Grants

The Department of Housing and Urban Development created a grant program in 2010 that will provide financial assistance to very-low-income neighborhoods across the country. The grant money is aimed at helping the citizens of low-income neighborhoods repair and replace their housing units and, in result, revitalize entire communities. The ceiling for the grants is about $65 million, to be divided amongst the winners. The actual recipients of the grants will be local governments and housing authorities, who can then dole out the money as they see fit. The grant also allows for-profit housing developers to partner with not-for-profit associations and government agencies in order to apply for grant money.

Department of Housing and Urban Development

451 7th Street SW

Washington, D.C. 20410

202-708-1112

hud.gov

The HOME Program

The Department of Housing and Urban Development offers another series of low-income housing grants through its HOME Program. The program awards grant moneys to participating jurisdictions, or local state and government agencies. Those agencies in turn distribute grant money to low-income families and individuals who are looking for affordable homes. The grant money can go to homeowners and renters alike. The HOME Program was created in 1990 and since that time it has directly assisted nearly 84,000 individual low-income tenants.

Department of Housing and Urban Development

451 7th Street SW

Washington, D.C. 20410

202-708-1112

hud.gov

Resources

About the Author

Lindsey Klingele is a Los Angeles-based freelance writer with more than five years of experience writing for consumer and trade publications such as "Meatingplace," "Plate" and "Celeb Life" magazines. She holds a degree in journalism from Central Michigan University and has covered topics ranging from the food industry to popular culture.

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