Friday, March 9, 2012

Hud Grants For Home Repair

HUD sponsors home repair 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.


U.S. Department of Housing and Urban Development


451 7th Street SW


Washington, DC 20410


202-708-1112


hud.gov


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


202-708-1112


hud.gov


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


202-708-1112


hud.gov







Tags: Department Housing, Department Housing Urban, Housing Urban, Housing Urban Development, Urban Development, 20410 202-708-1112, Development Street