Housing is a basic human need, but in the United States, the cost of purchasing or renting a place to live can be exorbitant. Unfortunately, many families cannot afford to cover housing costs, which means that they are left without a place to call home. If you are one of millions of Americans who is struggling to afford shelter, there is hope! You may be eligible for grants for low income families.

What is a Low-Income Housing Grant?

Because housing is a fundamental need and many people cannot afford to cover the cost on their own, public and private agencies have set aside monies to assist individuals who are unable to pay for a place to live. These grants are funded by the federal government, state organizations, and nonprofit institutions. Typically, in order to qualify for these grants, applicants must make less than a specific yearly income. Furthermore, those who are awarded these monies must typically live in properties that are approved by the organizations that fund these grants. Additionally, that funds that are awarded by these grants are not issued in cash, but rather they are distributed to the organizations or owners that provide grant-approved housing and the monies used to subsidize the cost of housing.

In addition to the making under a pre-determined yearly salary, in order to qualify for a low-income housing grant, applicants may have to meet other requirements, too. Most of these grants are sponsored by the United States Department of Housing and Urban Development (HUD), the US Federal Housing Authority (FHA), and the US Department of Agriculture (USDA).

Types of Low-Income Housing Grants

Some of the Government housing grants that are available for low-income families include the following:

HOME Grant

The HOME Investment Partnerships Program (HOME) issues grants to states and other localities that are used by communities (often times by nonprofit groups). The funds from these grants can be used to build, purchase, or renovate affordable housing options; or, the funds can be used to help low-income families afford the cost of housing. You must make less than 60 percent of the median income in your area, which HUD determines, in order to qualify for a HOME grant.

FHA and USDA Grants

Housing grants are also available for low-income families through the Federal Housing Authority (FHA) and the United States Department of Agriculture (USDA). In order to qualify for these low-income housing grants, applicants must make less than a specific amount of money per year. Furthermore, applicants must not own any other property. FHA and USDA grants are usually issued to individuals who are purchasing a home for the first time, and the funds are used to cover the cost of closing, taxes, and insurance.

Salvation Army Grants

Low-income housing grants are also available through the Salvation Army. These grants are funded by the United Way, and they provide monies that can be used to help cover the cost of a mortgage or rent. In order to qualify, you must provide documentation of eviction, illustrate proof of your income, and a Social Security number for every member of your family who will be living with you.