Home restoration?

Question

Has anyone ever restored a home? Where can I find information about obtaining money (grants) in home restoration online. Thanks

Answer 1

The only grants available for restoring homes are in the case of a home that has a historical designation and if you have that you have to be able to make your home available for viewing by the public for a period of time once a year. Just because say maybe General Custer did something nasty in your home I still don't think that a historical designation is worth the hassle. Heck the public might end up doing nasties in your house too.

Answer 2

NEVER HEARD OF A GRANT FOR HOME RESTORATION.....YOU CAN SECURE A LOAN FOR HOME IMPROVEMENT...... AT ANY AND ALL BANKS...WITH COLLATERAL SUCH AS THE PRESNT VALUE OF THE HOME AND THE PROVEN ABILITY TO HANDLE THE PAYMENTS....IF YOU OWN A HOUSE ....THEY WILL DO A REMORTGAGE...OR ISSUE A LINE OF CREDIT WHICH YOU CAN USE GRADUALLY FOR RESTORING IT., IF YOU ARE APPROVED.

Answer 3

You can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support your purposes.

Even if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently.

Note though that these grants generally support non-profit organizations, intermediary lending institutions, and state and local governments. Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program. Individuals especially for personal purposes are not eligible for federal grants.

Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs

Here is a complete list of home improvement grants -- most are given to those in rural areas and to non profits http://12.46.245.173/pls/portal30/CATALOG.FUNCTIONAL_PROGRAM_TXT_RPT.SHOW?p_arg_names=func_cat_cd&p_arg_values=MM

10.405 USDA Farm Labor Housing Loans and Grants
10.410 USDA Very Low to Moderate Income Housing Loans
10.415 USDA Rural Rental Housing Loans
10.417 USDA Very Low-Income Housing Repair Loans and Grants
10.433 USDA Rural Housing Preservation Grants
10.437 USDA Interest Assistance Program
10.442 USDA Housing Application Packaging Grants
14.103 HUD Interest Reduction Payments_Rental and Cooperative Housing for Lower Income Families
14.108 HUD Rehabilitation Mortgage Insurance
14.112 HUD Mortgage Insurance for Construction or Substantial Rehabilitation of Condominium Projects
14.117 HUD Mortgage Insurance_Homes
14.120 HUD Mortgage Insurance_Homes for Low and Moderate Income Families
14.122 HUD Mortgage Insurance_Homes in Urban Renewal Areas
14.123 HUD Mortgage Insurance_Housing in Older, Declining Areas
14.126 HUD Mortgage Insurance_Cooperative Projects
14.134 HUD Mortgage Insurance_Rental Housing
14.135 HUD Mortgage Insurance_Rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest Rate
14.138 HUD Mortgage Insurance_Rental Housing for the Elderly
14.139 HUD Mortgage Insurance_Rental Housing in Urban Renewal Areas
14.142 HUD Property Improvement Loan Insurance for Improving All Existing Structures and Building of New Nonresidential Structures
14.151 HUD Supplemental Loan Insurance_Multifamily Rental Housing
14.157 HUD Supportive Housing for the Elderly
14.165 HUD Mortgage Insurance_Homes_Military Impacted Areas
14.181 HUD Supportive Housing for Persons with Disabilities
14.218 HUD Community Development Block Grants/Entitlement Grants
14.219 HUD Community Development Block Grants/Small Cities Program
14.247 HUD Self-Help Homeownership Opportunity Program
14.248 HUD Community Development Block Grants_Section 108 Loan Guarantees
14.511 HUD Community Outreach Partnership Center Program
14.852 HUD Public Housing_Comprehensive Improvement Assistance Program
14.859 HUD Public Housing_Comprehensive Grant Program
15.141 DOI Indian Housing Assistance
15.144 DOI Indian Child Welfare Act_Title II Grants
64.106 VA Specially Adapted Housing for Disabled Veterans
64.114 VA Veterans Housing_Guaranteed and Insured Loans
64.118 VA Veterans Housing_Direct Loans for Certain Disabled Veterans
64.119 VA Veterans Housing_Manufactured Home Loans
81.042 DOE Weatherization Assistance for Low-Income Persons