Is your home in desperate need of repairs? Are you a little short on cash? Many working families are having a hard time making ends meet. This makes it difficult, if not impossible, to make any necessary home repairs. The good news is there are plenty of grants and low-cost loans available to those who qualify. See if any of these programs can help you and your household.
Section 504 Home Repair Program
This program is funded by USDA Rural Development. It helps low-income individuals pay for home repairs and updates that they couldn’t get approved for with conventional financing. The program maxes out at $20,000 and offers interest rates as low as 1%.
There is a grant option of up to $7,500, but this only applies to qualified individuals 62 and over. Combining the two can give the homeowner up to $27,500 to use on updating their home. Anyone who meets the income requirements and home location criteria can apply.
Specially Adapted Housing For Disabled Veterans
Are you a retired veteran and are now disabled? There is assistance through the U.S. Department of Veterans Affairs that can help you build a home or remodel your existing one. The goal is to make your home accessible and safe as you transition into your new lifestyle. Grant amounts vary depending on where you live and your income status.
Weatherization Assistance Programs
With winter fast approaching, it can be hard for some individuals to stay warm. There are local and state grants that can help with things like:
- Updating or upgrading to a new HVAC system.
- Weatherizing drafty windows, doors and walls.
- Insulating homes.
- Wrapping water heaters and pipes to prevent freezing and further damage.
The Weatherization Assistance Program varies per state depending on their funding availability. You’ll have to meet income and housing guidelines.
Indian Affairs Home Improvement Grant
Administered by the Bureau of Indian Affairs, this grant program aids in the home repair, upgrades and home replacement to qualified individuals. Eligibility requirements include:
- Participants must belong to an American Indian tribe or be Alaskan Native.
- They must live in a qualifying tribal location.
- Income must fall below 150% of the HHS poverty guidelines.
The goal is for tribal members and their families to thrive in safe, sanitary housing.
If you’re facing financial hardship, don’t let home improvements go to the wayside. Check out one or more of these incredible grant and low-income loan options. You may qualify for free or low-cost upgrades.
~Here’s to Your Success!
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