Grants From the Department of Housing and Urban Development
Page 2

The programs that are offered by the HUD are divided into the following major categories:

1) The Office of Community Planning and Development - The programs under this office seek to create and develop viable communities by way of encouraging integrated approaches tat provide decent housing opportunities, suitable living environments, and more importantly, expanding economic opportunities for low and moderate income persons.

2) Federal Housing Administration (FHA) - The goal of the FHA is to provide mortgage insurance on loans that are made by FHA-approved third-party lenders through the United States and its territories. In addition, the FHA also intends to insure mortgages on single family and multifamily homes.

3) Office of Public and Indian Housing - The programs constituted under the Office of Public and Indian Housing is geared towards ensuring the development of safe, decent and affordable housing, the creation of opportunities for residents' economic independence, and finally, the assurance of the fiscal integrity of the all of the people who participated in the program.

4) Office of Sustainable Housing Communities - The programs under the Office of Sustainable Housing Communities are geared towards the creation of strong, sustainable communities by way of connecting housing opportunities to jobs, fostering local innovation and helping people build a clean energy economy.

The HUD offers a wide selection of programs and grants that are all geared towards the benefit of the American people. To read more about such programs, you can visit http://portal.hud.gov/portal/page/portal/HUD.

Grants From the Department of Housing and Urban Development
  Back to Page 1

About The Author The TopGovernmentGrants Editorial Staff maintains one the most comprehensive Websites offering information on government grants and federal government programs. The staff also provides resources to other Websites with information on environmental grants and grants for youth programs.

Additional Resources

category - Home Buying Programs

Government Grants within the United States Housing Sector
The government has established quite a slew of agencies that are specifically designed to administer housing programs and assist the needs of homebuyers, renters, and property developers.

---

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.

---

Downpayment Assistance Program for the First Time Home Buyers in North Carolina
In an attempt to contribute to the eradication of this problem, the North Carolina HFA has established the Downpayment Assistance Program for the First Time Home Buyers wherein they provide interest-free, deferred second mortgages up to $8,000 to cover the downpayment and closing costs of a chosen property.

---

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.

---