Useful Tips on How and Where to Find Info
Through the American Recovery Act signed by President Obama in Feb. 26, 2009, funds for different programs and projects were released under the administration of the U.S. Department of Housing and Urban Development (HUD.) About 75 percent of these funds are being channeled through state and local government units and agencies. The funds are utilized to provide jobs, improve homes, and help low-income families, who were hardest hit by the recent economic crisis.
A broad range of community development and housing projects across the United States are being extended to provide financial support. However, most of the housing funds are aimed at assisting families and individuals who have been rendered homeless or near homeless as a result of the economic despair.
Since we will be searching for grants to buy a home for low-income families, this article features some of the types of financial assistance programs being extended. Please keep in mind, though, not all states provide the same grants; hence, it is necessary to check HUD’s portal for State Info. (See the link in the Reference section below).
Once you reach the page for your state, take the following steps:
Choose the selection for “Learn about Home Ownership" in order to know what types of U.S. government home-buying grants, if any, are available in your state.
Once you reach the section “Buying a Home", click on selections like “Assistance Programs" . This is where you can find links to resources that provide information about the financial assistance programs.These programs can help eligible low-income families in buying, repairing, maintaining, or improving their homes.
Click on each type of “Homeownership Assistance" in order to get the links for the government unit or non-profit organization administering the homeownership assistance program in your locality. In some U.S. states, the information are featured under the “Homeownership Vouchers Program" .