It’s no secret that our homes and land are our biggest investments, and many people have earned that sweat equity with the help of real estate grants. Grants for real estate and commercial real estate grants allow qualified and deserving individuals and business-persons to not only accumulate self-financial worth, but many times leave a legacy for family members to inherit and enjoy long after we’re gone. While they may sound like they would be similar, real estate grants vary like ice cream toppings.
Farmland Real Estate Grants
While not considered a true real estate grant, federally funded low interest loans for farms and farmland are funded by government real estate grants. The U.S. Department of Agriculture’s Farm Service Agency offers exceptionally low interest loans to farmers to buy land, build homes and establish profitable farms. For those who love the rural life, this alternative to grants for real estate fit the needs of many. These loans are often awarded to new and un-established farmers who cannot qualify for conventional loans because they have insufficient financial resources. The U.S. Department of Agriculture’s Farm Service Agency also helps established farmers who have suffered financial setbacks from natural disasters, or whose resources are too limited to maintain profitable farming operations.
Commercial Real Estate Grants
Commercial real estate grants awards are on the rise as the economy slowly kicks back in. Do you have a new music store – or any business for that matter, but you have no true real estate to operate from? The U.S. government has a fix for that! If you’re willing to open a new shop of almost any kind inside a historic downtown redevelopment and revitalization area, there may just be a real estate grant to help you do that! In rural and inner-city America alike, years ago many businesses moved to malls on the outskirts of town. When the businesses moved, the patronage they brought to the area moved too. Now as bait to get the long abandoned downtown buildings occupied again and money brought back into historic downtown areas, many cities and counties offer commercial real estate grants awards to business owners. Most realtors are really very willing to work with occupiers of those buildings. There are qualifications and some restrictions that must be met, but it’s a viable alternative to financing new commercial construction.
Grants for Real Estate
The U.S. Department of Housing and Urban Development offers low interest loans, grants for real estate, a listing of affordable homes for sale and more! At the HUD government website portal, you can speak with a counselor about applying for grants for real estate, buying a home, find affordable rental assistance or even apply for a job with HUD! Currently, millions of dollars are up for grabs by qualified prospective home and real estate owners through the HUD Housing Counseling Program. Have a question about buying a home, rental assistance or foreclosure but English is not your first language? HUD now speaks 175 languages, so no matter where you’re from it’s easy to communicate!
Remember, grants for real estate and commercial real estate grants allow qualified and deserving individuals and business-persons to not only accumulate self-financial worth, but many times leave a legacy for family members to inherit and enjoy long after we’re gone. Start creating your legacy today and look into all forms of grants for real estate.