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From grants to low-interest loans, this state-by-state guide to first-time homebuyer programs is your map to making homeownership possible Natalia Wolting December 19, 2024 at 10:00 AM
State grants are financial awards provided by individual states to support projects and programs that benefit residents. These grants can be used for purposes such as education, environmental conservation, public health, and community development. Each state has its own agencies and programs that administer these grants.
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 ...
Since tax revenues fund government-backed grants for home improvements, they frequently have strict rules and auditing procedures. Many grants are competitive; even if you qualify for a grant, you ...
A press release from the Department of Health and Human Services on June 5, 2013, indicates that $187.4 million was released to states to help low-income homeowners and renters with rising energy costs. This funding supplements $3.065 billion in grants made available earlier in the year through the Low-Income Home Energy Assistance Program ...
The good news is that there are many first-time homebuyer grants available that can help you bridge the savings gap to get into a home. ... because they can wind up being free — but only if you ...