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Grants for Home RepairThe FHA, Federal Housing Authority, which is a part of the Housing and Urban Development HUD, does not itself give out loans, but rather they have various mortgage insurance programs. One of these programs is akin to a grant for home repair, called the 203(k) program. The program is often coupled with other local government programs so that low-income people can gain the fullest benefit from being able to get a fair loan to fix up the homes that they purchase. Five thousand dollars is the minimum cap on the improvement grant for the home repair, and must be used primarily for fixing things that can affect the health or safety of the homes occupants. After that first five thousand dollars, more after that can be used for home improvement that is more of the cosmetic kind. There are other grants for home repair, they are targeted for the elderly, disabled, and low-income people, these grants for home repair are to either improve and repair, or make more energy friendly, the property. There are some qualifications that must be met by the homeowner. In addition to these grants for home repair, there are also grants for home renovation. These are for dwellings that are in need of really major repairs or rebuilding. There are also grants for home repairs that are called Disabled facilities grants; these are not so much grants for home repair, but grants to make a home friendlier to say a wheelchair. The home might have a large ramp in front leading to the front door, rather than a flight of stairs and a porch. In this particular case the home may need things like a stair lift, and doors to be widened. The bathroom would most likely need some renovating also. Check with your local government office for details on any of these grants for home repairs. More Grant Information: |