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The down payment can help fund new housing or the rehabilitation of a family's existing housing. [2] Building or rehabilitation of housing for rent or ownership – In this type of activity, HOME funds may fund the building of housing units that the government provides to low-income families. The families either pay a monthly rent or may ...
Section 504 Home Repair Program – This program provides loans and grants to low-income and elderly homeowners, respectively, to help cover the cost of repairing or modernizing their single ...
In the United States, federal grants are economic aid issued by the United States government out of the general federal revenue. A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States.
Categorical grants may be spent only for narrowly defined purposes and recipients often must match a portion of the federal funds. [citation needed] Block grants combine categorical grants into a single program. Examples of this type of grant includes the Community Development Block Grant and the Alcohol, Drug Abuse, and Mental Health Services ...
Maximum loans are $40,000 and maximum grants are $10,000, which can be used for improvements or renovations that make your home safer, more accessible or remove health and safety hazards ...
The My Safe Florida Home (MSFH) program, which matches up to $10,000 of the costs Florida homeowners pay for home improvements designed to harden their homes against tropical storms and hurricanes ...