The US Federal Government’s Department of Housing and Urban Development or HUD makes almost 1 billion USD available in grants. There are several HUD grants in the Federal agency. HUD offers several federal home grants and aims at providing development and economic growth in impoverished areas.
The federal home grants offer great assistant to the poor and help with the development of moderate and low-cost housing. This would automatically enforce the nation’s housing laws. The federal home grants that the HUD provides do not offer the grants and loans to people directly. There is no reason to be disappointed because of this as the HUD functions in a different way.
The HUD actually works the local governments and other non-profit organizations in order to make sure that eligible people can avail the financial assistance and counseling. The reason why people can avail the federal home grants is just because of the Community Development Block Grant Program that was initiated by President Gerald Ford in the year of 1974.
The projects of CDBG benefit those with low and moderate income. It also helps in eradicating the slums or blight and also indulges in the prevention of several other community development activities that pose a threat to health or safety. The federal home grants of the HOME Investments Partnerships Programs helps the local government in creating homes at affordable rates for those who have low incomes.
In order to avail the federal home grants you will have to follow a few steps. Firstly you will have to visit the HUD website. You can also get federal home grants by contacting the local HUD office. After this you would have to fill the grant applications. But it is important for you to meet their criteria. Their website gives detailed information about the various federal home grants that they provide.
You can also visit the website called Grants.gov. Here you will keep getting updates regarding all the federal home grants. You will be provided with a list of several grants that are available and hence you can choose from the list the one that is eligible for you.