Getting a Home Improvement Grant

by Lee Wyatt
(last updated August 28, 2015)

No matter how much you want to improve your home, you are not going to be able to do it without one little thing—money. It has been said, and truly said I believe, that money makes the world go 'round. As anyone knows you can get loans for everything under the sun, including home improvement. Thing is though, did you know that you can also get grant's for improving your home? What exactly is a grant, and why would anyone want to get one?

Well, a grant is basically what it sounds like, a granting of something. In this case, it would be the granting of money for a certain purpose (like repairing or improving your home). The nice thing about grants is that they are a lot like gifts, and as such are not subject to repayment. For that reason alone, it is easy to see how something like this would be wanted.

So, how would someone go about getting a grant? The first thing is to get in touch with the local office of the U.S. Department of Housing and Urban Development (HUD). This is because HUD is the agency that is going to make the determination as to whether you are eligible or not. One of the best places to look for information about HUD is on their website, located at http://www.hud.gov.

Second, there are a couple of simple things that the potential grant recipient should keep in mind. Such grants are designed with a few particular groups of people in mind. Such groups include people who are typically over the age of 62 years old, Native Americans, or people who live in rural areas of the country. Another of the groups this is designed for are people who are financially in dire straits and not able to procure loans in another manner. This would include people that have a low income and are having credit difficulties. So, if you can get a traditional loan from an accredited lending institution (such as a bank), you are not going to have much luck in getting one of these grants.

If you think that you do qualify for one or more of these groups then, go ahead and fill out the applications for one of the grants. There are a few bits of information that you may be required to provide. Such information would be copies of your most recent financial institution statements, tax returns, pay stubs and more. Basically, what you should keep in mind is that anything that has a bearing on your finances should be included in your "packet" of information. The more information that you have at your fingertips while filling out the application, as well as that could be included for submission with your application, the better.

Author Bio

Lee Wyatt

Contributor of numerous Tips.Net articles, Lee Wyatt is quickly becoming a regular "Jack of all trades." He is currently an independent contractor specializing in writing and editing. Contact him today for all of your writing and editing needs! Click here to contact. ...

MORE FROM LEE

Planning a Picnic

When the weather is right, there is nothing better than a picnic. However, do you know how to go about planning a picnic that ...

Discover More

Understanding the Types of Fertilizers

Fertilizers have the potential to be great gardening tools; however, they must be used wisely. Part of using fertilizers ...

Discover More

Cleaning Canvas

Canvas is probably one of the single most used materials outdoors. It can be used in everything from a tent, to a porch ...

Discover More

Cordless, Compact, and Powerful! DeWalt's 18-volt drill-driver kit packs a big punch in a small package, with a powerful high-performance motor tucked away inside a compact design. A great addition to the tool chest of any professional or DIYer! Check out DeWalt 18-Volt Drill/Driver Kit today!

MORE HOME IMPROVEMENT TIPS

Getting a Home Improvement Loan

One of the most mind racking parts of any home improvement project is how are you going to pay for it. Before making any ...

Discover More

Lowering Your Property Tax

The property tax bill is probably one of the most hated bills that any homeowner needs to pay. Often this is because people ...

Discover More

Understanding Home Refinancing

Whenever the interest rates drop on home mortgages, it is only natural to think about refinancing your home loan. However, ...

Discover More
Subscribe

FREE SERVICE: Receive an e-mail several times each week with a featured home improvement tip. Enter your address and click "Subscribe."

Comments for this tip:

If you would like to add an image to your comment (not an avatar, but an image to help in making the point of your comment), include the characters [{fig}] in your comment text. You’ll be prompted to upload your image when you submit the comment. Images larger than 600px wide or 1000px tall will be reduced. Up to three images may be included in a comment. All images are subject to review. Commenting privileges may be curtailed if inappropriate images are posted.

What is 8 - 1?

There are currently no comments for this tip. (Be the first to leave your comment—just use the simple form above!)


Subscribe

FREE SERVICE: Receive an e-mail several times each week with a featured home improvement tip. Enter your address and click "Subscribe."

(Your e-mail address is not shared with anyone, ever.)

Links and Sharing
Share