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Tuesday, 7 August 2012

HUD Grants For Home Repair-Apply Free Home Renovation Grants

HUD Grants For Home Repair-Apply Free Home Renovation Grants
The Department of Housing and Urban Development (HUD) sponsors grants to finance home renovations and repairs projects. These grants can cover land and infrastructure acquisitions and equipment and supply purchases. Grants funds can also pay for administrative and labor costs. HUD grants are not required to be repaid by recipients.
Main Street Grants
The Main Street program sponsors grants to renovate and repair homes and buildings in eligible community’s "historical districts." These grants can also be used to convert unused office buildings into affordable housing units for rent. Grants cannot be used for renovated habitable homes. Communities with less than 50,000 residents and 100 public housing units are qualified to apply for these grants.
Neighborhood Stabilization Program
The Neighborhood Stabilization Program (NSP) provides grants to construct, renovate and improve residential homes and housing units in eligible communities. NSP funds can also go to demolishing blighted structures, redeveloping vacant areas and establishing land banks to prevent foreclosures. Nonprofit organizations and state and local government agencies are eligible to apply. Twenty-five percent of NSP grants must be used to purchase and rehabilitate foreclosed and abandoned homes to be occupied by low-income persons or families.
U.S. Department of Housing and Urban Development
451 7th Street SW
Washington, DC 20410
Self-Help Homeownership Program
The Self-Help Homeownership Program (SHOP) provides grants for land acquisitions, construction and/or renovation of homes. As part of the grant agreement, SHOP requires homebuyers to help during the construction phase of their homes by volunteering physical labor, or sweat equity. Eligible applicants include regional and national nonprofit organizations that have experience working with SHOP. Twenty percent of the SHOP grants can be allocated to paying for administrative costs. The total project costs cannot exceed $15,000.
U.S. Department of Housing and Urban Development
451 7th Street SW
Washington, DC 20410


Other Helpful Resource -
http://phoenix.gov/residents/stabilization/nsp/index.html





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