Home
About Us
Page 2
The United States Office of Rural Development is set to administer approximately $20,000 for loan applicants and $7,500 for grant applicants.
|
|
The loans awarded under this program bear an interest rate of one percent and can be repaid for over a period of up to 20 years.
In order to avail of the Low-Income Housing Repair Loans and Grants, qualified homeowners can visit the nearest Rural Development field office that is serving the county where their residential property is located.
Interested applicants must also bear in mind that the program is available only in the rural areas(having a population that does not exceed 10,000) found in the States, the Commonwealth of Puerto Rico, the US Virgin Islands, Guam, American Samoa, the Commonwealth of Northern Mariana's and the Trust Territories of the Pacific Islands.
The eligible applicants of a loan are those people who own and occupy a home in a qualified rural area, and those who can demonstrate a strong ability of repaying the loan.
On the other hand, grant applicants must be those homeowners who are 62 years old and above and do not anymore demonstrate the ability of repaying the funds that have been awarded to them.
The Department of Agriculture, the primary agency that is funding the Low-Income Housing Repair Loans and Grants program, is the country's leading agency that is mainly responsible for extensive anti-hunger and safety and conservation efforts.
Low-Income Housing Repair Loans and Grants
Back to Page 1
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
Community Development Block Grant Program for Indian Tribes and Alaska Native Villages
Department of Housing and Urban Development: Energy Innovation Funds for Multifamily Pilot Program
Department of Housing and Urban Development: Energy Innovation Funds for 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.
Grants From the Department of Housing and Urban Development
She also maintains Websites providing resources on environmental grants and grants for youth programs.
Follow @topgovtgrant
Social Entrepreneurship
Spotlight
Is Corporate Philanthropy Dead?
Senay Ataselim-Yilmaz, Chief Operating Officer, Turkish Philanthropy Funds, writes that philanthropy often solves the very problems that stems from market failure. Some social issues, however, cannot be tackled by questioning the return on investment.
