40 million dollars of grant funds were allocated to young people with disabilities to get affordable housing. Millions more were allocated to support affordable housing to the elderly. HUD grants are also available as rental assitance, to help people with disabilities find a safe, secure and sanitary home without having to pay full rent.
HUD grants are also committed to help citizens living on public housing join the work force. Through various workshops, job trainings and college preparatory classes, the families and seniors in public housing are assisted to become self-sufficient.
The U.S. Department of Housing and Urban Development is dedicated to providing funds and grants to assist homeownership for low income families, the elderly, the homeless, people with disabilities, and people with AIDS.
HUD has expanded homeownership, increased access to affordable housing, strengthened communities through economic development, fought housing discrimination, and tackled chronic homelessness. HUD has implemented innovative solutions to address our nation’s housing needs and has achieved great results.
Despite its many accomplishments, HUD recognizes that challenges remain to be addressed. Despite achieving the highest homeownership rate in American history, minorities are still less likely than non-Hispanic whites to own their homes. Opening doors to homeownership is a core aspect of HUD’s mission. The most significant barriers to homeownership are downpayment and closing costs. To overcome this barrier, HUD’s American Dream Downpayment Initiative (ADDI) provides low- and moderate-income individuals 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.
While increasing homeownership is a top priority, HUD knows it is not a viable option for everyone. Therefore, providing decent affordable rental housing is a central part of HUD’s mission. HUD’s largest program, the Housing Choice Voucher program, promotes affordable rental housing for families and individuals. The program currently provides rental assistance to more than four million households through public and assisted housing programs.
The mission of HUD also includes strengthening communities. The Community Development Block Grant (CDBG) program is HUD’s most important community development program and it is one of the most flexible programs provided to localities by the federal government. A significant portion of CDBG funds supports improving conditions in lower income and distressed communities.
Buying a house is probably the most expensive purchase you will make in your lifetime. For more and more families, saving the money for a down payment is the biggest obstacle to homeownership. 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.
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