Help build the house of your dreams with grant funding.
Building a home is a dream for many people but the financial obligations can make the dream seem like a distant fantasy. Finding grants to help pay some of these expenses for first time home builders can help keep costs down. There are various federal and state resources you can access to provide financial assistance to your building endeavors. Does this Spark an idea?
Economic Development Initiative
Housing and Urban Development (HUD) grants are available to individuals who are looking to build a home in an area that is considered an urban environment as part of the economic recovery program. Available to those who are financially in need of assistance, grants vary from state to state--contact a HUD representative to determine individual eligibility for this funding. Applications are available from a HUD representative.
U.S. Department of Housing and Urban Development
451 7th Street S.W.
Washington, DC 20410
202-708-1112
hud.gov
Green Grants
The government offers incentives for new home builders who utilize sustainable energy and efficient energy sources in their construction. Tax incentives for green building can be immensely helpful to those building a new home and can pay for up to half of the system costs, depending on the incentive variables. Amenities like solar energy systems or water-saving hot water tanks can be written off on your income tax and you can receive substantial tax credits for adhering to green environmental standards. Energy Star programs in particular are eligible for tax incentives under the Environmental Protection Agency.
Environmental Protection Agency
1200 Pennsylvania Avenue N.W.
Washington, DC 20460
202-566-2181
epa.gov/
Rural Housing Development Grants
Most states offer new home building initiatives for those who meet specific requirements. If your home site construction is in a rural area and you are an agricultural farmer you may qualify for a rural housing grant as offered by the United States Department of Agriculture. These grants offer funding to those who want to build or restore a house in a rural or otherwise undeveloped area. The Housing and Community Facilities Program was designed to help needy families in rural areas.
USDA Rural Development
Room 5014-S, Mail Stop 0701
1400 Independence Avenue SW
Washington, DC 20250-0701
202-690-1533
usda.gov
Tags: Avenue Washington, Environmental Protection, Environmental Protection Agency, home builders, Housing Urban, Housing Urban Development
