Housing Grants For Minorities

If you are an American citizen from a minority group, chances are you are less likely than non-Hispanic whites to own your home. The U.S. Department of Housing and Urban Development is dedicated to providing funds and grants to assist homeownership for minority families.

Housing incentives are an important part of the economic growth plan of every state in the nation. Besides money grants, incentives include subsidized rates on loans, government backed mortgages, assisted housing plans and rental subsidizes .

With the current economic crisis, and many people cannot afford downpayments and closing costs on a house, which are paid in cash. It has become increasingly harder to secure a mortgage or a loan from commercial banks.

Since a common barrier to owning a home for many low-income people is the lack of funds to make a down payment, HUD’s American Dream Downpayment Initiative (ADDI) provides low- and moderate-income citizens from minority groups with funds needed to purchase their first home. In this respect, HUD Grants have already helped thousands of Americans, nearly half of whom were minority families, make the dream of owning a home - a reality.


If you are looking for financial aid to fund your first home, or for fixing up your current one, the best place to search for a housing grant is online. A simple search for "housing grants for minorities" should pull up a number of websites that can tell you how to apply for a housing grant. If you find the information you are getting is confusing, not what you expected, or you don't know where to start, don't worry. There are grant kits available that have already done the hard work for you.

Grant kits make applying for housing grants a simple process. With new home mortgages being limited, all of us could use assistance in financing a new home. Do yourself a favor and find free money to help pay for your home through housing grants.