In order to finance home repairs and renovations for low-income families, the Department of Housing and Urban Development or also known as HUD sponsors several grant programs. The homeowners can use the grants to assist their improvement and repair projects, or to cover the labor costs and supply purchases. The recipients are not required to be repaid the grants
About HUD Home Improvement and Repair Grants: The History
In reference to the sponsoring legislators, the U.S. Housing Act is sometimes known as the Wagner-Steagall Act and was passed in 1937, according to the HUD.GOV. It is designed to offer subsidies to improve the housing and living conditions for the low-income families from the United States government. In order to distribute funds, the act designated local agencies. For improved living and â€śslum clearanceâ€ť, the goals were set in 1949 and 1954 by the added amendments. The Department of Housing and Urban Development has an added division of the Federal Housing Administration in 1965.
About HUD Home Improvement and Repair Grants: The Function
HUD has a present-day mission to create good and strong communities with affordable quality homes for those who want to retain or acquire her or his own home. HUD works to improve the economy, help the housing market, and protect the consumers through various loans and grant program. For the rental units and purchase of single family homes, HUD offers loans program. In order to rehabilitate multi-family rental units and improve single family dwellings, the HUD is providing grant programs with specific requirements.
About HUD Home Improvement and Repair Grants: Grant Programs
HUD has many grant programs, and home improvement and repair for low-income homeowners program is one of the popular grant programs from the HUD. The Home Improvement and Repair grant programs are intended to improve the health and safety of the occupants. Homeowners can use the grants for necessary repairs such as plumbing, roofing, and electric wiring on the home. HUD grant programs for home improvement may also include enhancing energy efficiency, such as addition of the insulation, new windows, sealing of foundation cracks, storm doors, wind resistant siding, and other repairs that improve cooling and heating efficiency.
About HUD Home Improvement and Repair Grants: The Requirements
Rather than to repair or improve the home, the HUD grants cannot be used for other purposes. In order to for getting estimates for the work, the homeowners are paid to the designed licensed contractor. If the homeowner retains ownership of the improved building for at least five years, grants are not repaid. Based on how much of the five year requirement was met, the homeowners should be repaid the grants if they sell their homes.
About HUD Home Improvement and Repair Grants: The Qualifications
The recipient must be a citizen of the United States and at least 18 years old to qualify for a Federal home improvement grant. At the local HUD, the grant applications are free. You can open the HUD.GOV to know the information about government housing programs.