2006-09-25 12:01:38 · 3 answers · asked by Michael G 1 in Business & Finance ➔ Investing
The Housing and Urban Development in their Grants Available page makes it clear that they do not provide grants to individuals -- hence no grants for a person to buy a home http://www.hud.gov/grants/index.cfm
"While HUD does not offer direct grants or loans to individuals, we do work through local governments and non-profit organizations to make financial assistance and counseling available."
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 FREE 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.
2006-09-26 10:18:54 · answer #1 · answered by imisidro 7 · 13⤊ 0⤋
From what I researched, the federal government does not give money to individuals to purchase a house. However, if you live in a rural area, you may be able to get a government grant for certain improvements on your property. The rules are strict and rigid. More than likely they will offer a "loan," not a grant, and you must re-pay the loanl.
2006-09-25 19:06:48 · answer #2 · answered by newyorkgal71 7 · 0⤊ 0⤋
Fannie and Sally Mae
2006-09-25 20:08:06 · answer #3 · answered by easyrhinohl 2 · 0⤊ 0⤋