Low-Income Housing Repair Loans and Grants

by: Michael Saunders

The United States Office of Rural Development, an agency operating with the United States Department of Agriculture, is the federal government's leading agency that is dedicated for running programs and activities that are designed to help improve the economy of the country and the quality of life of its rural inhabitants.

As an important addition to all its programs and activities, the United States Office of Rural Development has been running the Low-Income Housing Repair Loans and Grants program wherein they intend to assist very low-income income homeowners in rural areas in the difficult and costly process of putting their homes up for repair.

The United States Office of Rural Development has outlined that the funds that will be loaned out and granted under the Low-Income Housing Repair Loans and Grants be used only for certain purposes such as making general home repairs and improvements, or making repairs and improvements that will eliminate health and safety hazards that are currently present in the property.

In addition, the funds may also be used in this fashion to repair or remodel residential properties in order to make them more accessible and more comfortable for household members that have physical disabilities.

The activities that can be included in the repair and renovation of the properties can also include, repair or replacement of heating, electrical, and plumbing services, and water and waste disposal systems, as well as roof or basic structures and weatherization systems.

  (continued...)

Low-Income Housing Repair Loans and Grants
  Page 2

About The Author Michael Saunders is an editor of TopGovernmentGrants.com. He also maintains Websites providing resources on grants for non profits and the philanthropic sector.

Additional Resources

category - Home Improvement Grants

Rehabilitation Mortgage Insurance Program
The Rehabilitation Mortgage Insurance Program intends to financially assist families as they repair or improve, purchase and improve, or refinance and improve their current residential properties that have been existent for more than a year.

---

Department of Housing and Urban Development's Dollar Homes Program
The Dollar Homes Program revolves around the process of selling single family homes for a superbly reasonable price of $1 (plus closing cost) to low-to-moderate income families, granted that these houses have been acquired through foreclosure by the Federal Housing Administration, and have already been actively marketed for at least six months and still remained unsold after that certain period of time.

---

Rural Community Development Initiative
The Rural Community Development Initiative can be awarded to legally qualified private, public, and tribal groups or organizations that have the experience and capability of providing training and technical assistance to nonprofit community-based housing and community development organizations, as well as low income rural communities.

---

Department of Housing and Urban Development: Energy Innovation Funds for Multifamily Pilot Program
The Department of Housing and Urban Development, has recently announced a funding opportunity entitled Energy Innovation Fund: Multifamily Pilot Program.

Energy Innovation Fund is directed towards the discovery of innovations in terms of the residential energy efficiency sector and to help in the development of a standardized home energy efficient retrofit market.

---