A home repair grant is a set amount of money provided to homeowners for needed repairs. This money is not a loan and is provided to those homeowners who may not otherwise be able to repair their living quarters. Some of the repairs a homeowner are eligible to have performed with this type of grant include improving energy efficiency, upgrading the safety within their home, replacing septic tanks and electrical wiring. In general, home repair grants will not be awarded for cosmetic issues; such as landscaping or painting.
Who Offers Home Repair Grants:
Homeowners have a number of options for obtaining one of these grants. The U.S. Department of Agriculture and a number of states offer grants for homeowners who would otherwise be unable to pay for essential repairs on their home. A homeowner, who desires to apply for one of these programs will be able to locate one through an Internet search or by contacting their bank for a referral to a granting agency.
Home Repair Grant Qualifications:
The qualifying factors to receive a grant for repairs typically include a low income, age, disability or poor credit. These grants are designed to help homeowner’s who are unable to qualify for traditional financing through a bank. Homeowner’s will need to provide documentation to satisfy the requirements of the grant.
- Proof of ownership
- Proof of income
- Proof the repairs will be performed by a licensed contractor.
- Possibly other items required by the granting agency.
Will My Needed Repair Be Eligible For A Grant?
The agency providing the home repair grants will inform you on the specific repairs allowed with a grant.
Grants Offered By The Federal Government:
Home repair grants provided by the federal government have very stringent requirements. Grants will be denied for vanity changes to a home or for repairs to a home that will still be in unlivable condition after the repairs are completed. The typical repairs the federal grants provide for include:
- Repairing or replacing electrical wiring.
- Structural repairs
- Energy efficiency upgrades
- Replacement of windows and doors
Local and State Grants:
Each state or local government that offers grants will have specific qualifying factors. Most of the grants are only provided for the same reasons as federal repair grants. If you need home repair Saddle River or replacement windows NJ, you should consider applying for a local community grant. The application process and requirements may seem overwhelming; however, you will receive free money for needed repairs.
Bettering Homes and The Community Through Home Repair Grants:
If the prerequisites of qualifying for a home repair grant seem rigorous, remember the reason for a grant. These particular grants are designed to help homeowners who would be otherwise unable to repair their home. The grants also benefit the community with improved property values throughout the neighborhood. The exacting nature of the home repair grant approval process is designed to ensure only those who are qualified will have access to the limited funds available.