Government Grants for Homes

The federal government gives away billions of dollars every year for housing grants based on need and availability. There are over one hundred different government grant programs available through over 40 separate federal agencies. That does not include state and local government grant programs.

Unlike like loans these grants are money that you do not have to pay back. Besides the federal government there are also grant funds for homes available at the state and local level, including private endowments and non-profit support groups.

Some of these programs require "sweat equity" where a family and friends put time in working on their new home or one for another family in the program. This enables families that otherwise would not have the money for a down payment to earn their way to their first home. These usually include low or no interest home loans.

Funding is also available for areas that are in need of housing development such as rural or urban blight. Many of these grants can help developers and new home owners receive funds to construct in areas that they would not normally receive adequate money to build or restore homes.

Besides grants to assist in purchasing a home there are grants for remodeling and renovation. Several government and private programs will help pay for improvements to homes that also reduce heating and cooling cost year round and save many homeowners additional money.

There are also many low interest and no interest home loans available for families, individuals and groups from various other programs through federal state and local government. Many other private programs are available to assist with first time home buyers through banks, charities and non-profit groups.