If you are interested in real estate, there are numerous government grants to buy investment property that you should know about. We’ll disscuss them all in this article!
Investors with great aspirations who are on a tight budget and need financing can find their solution here. These government grants to buy investment properties help investors to purchase or sell real estate as well as make modifications when they buy property as an investment opportunity. Billions of dollars in funds are made available to members of society through these grant programs, which is important for those seeking long-term investments because loans have repayment terms whereas grants do not! This list provides comprehensive information about what you qualify for based on your situation. Take some time today, get qualified before it’s too late!
Our List of Government Real Estate Grants
1. RESTORE Act Direct Component – Construction and Real Property Activities
The Gulf Coast Restoration Trust Fund is a program offered by the US Department of Treasury that gives successful applicants access to funds from fines and penalties paid in connection with Deepwater Horizon oil spill. This grant can help promote tourism, create jobs, or fund real estate development projects—depending on what criteria are met.
2. The Real Estate Apprentice Foundation
A California Non-Profit Corporation offers a national real estate grant program created for real estate agents. They award bi-annual grants which total up to $250,000 every year.
3. Emergency Capital Repair Grant
The Emergency Capital Repair Grant is a key government grant for investment properties that allows owners to make emergency repairs. These funds can be used on anything from structural components in critical condition and replacement of mechanical equipment, all the way up to $500,000 worth of work! In order to comply with the law, your housing project must serve a useful purpose for the community or neighborhood where it is located.
4. HOME Investment Partnerships Program
HOME is a federal block grant given to both, state and local governments. Cities then distribute these funds to qualified organizations that help the creation of affordable housing for low-income households through building new homes or rehabilitating existing ones. Real estate investors can partner with these organizations by requesting grants under this program as long as they use them solely on properties in which at least 50% of residents are below 60% AMI (Area Median Income). Annually about $2 billion dollars goes into HOME grants across America.
5. Fedex Grant Program
Fedex offers grants for small businesses. While the Small Business Grant Contest is a big part of their efforts to support small businesses around the country, they’ve also created other resources specifically for the small business community.
6. Section 542 Grant
The government is willing to offer an incentive for those who want to undertake multifamily housing projects. The 542 grant can be obtained by developers, builders and investors alike if they meet the eligibility requirements.
7. Good Neighbor Next Door Program
The Good Neighbor Next Door Program from the Department of Housing and Urban Development (HUD), is not strictly limited to first-time buyers and can help you save big on a home. HUD lists eligible properties by state.
The Good Neighbor Next Door Program from the Department of Housing and Urban Development (HUD), is not strictly limited to first-time buyers or current homeowners. This program helps you save big on a home by providing incentives for low income families who participate in HUD’s property listings, as well as some other great benefits!
Find out what an opportunity like this could mean for you. If your annual household size is less than $37,000 and if the total assets that cannot exceed more than $50000 ($25000 per person) apply to you then there may never be another time like it!
8. First-time Homebuyer Grants
First-time homebuyers may be eligible for grants to help with the purchase of their new house. Grants are offered at both state and local levels, so it’s important to pay attention when researching your options! Some grants require repayment if you don’t live in the home long enough – but they’re usually forgivable over time.
9. USDA Rural Programs Rentals
The Department of Agriculture helps people living in rural areas. Some remote and some with a lot more population. If you are elderly or disabled, have low-income that’s less than 1/3rd your earnings from the year before, and can’t rent an apartment for no more than $0 per month then they might qualify for their Rental Assistance Program!
10. Neighborhood Stabilization Program Grants
The purpose of this program is to help neighborhoods with a large number abandoned or foreclosed homes. The neglect on these properties causes the whole community’s appearance and value to be dragged down as well. Similar to most government grants for investment property, NSP Grants can give people an opportunity who otherwise might not have been able to afford to purchase their own home. When new owners move in and fix up the house, they’re adding more life back into the neighborhood. This usually benefits everyone around them. The Neighborhood Stabilization Program helps keep neighborhoods looking good through granting funds that go directly towards fixing up houses.
11. Transitional Housing
The Justice Department provides grants for short-term housing for the homeless, abused, addicted and more. The funds typically come through government entities or non-profits who provide the grants to individuals with a particular need.
12. Affordable Housing Grant
The Community Development Block Grant Program provides funding for low-income housing. The Housing and Urban Department administers this program to local governments who distribute the funds to organizations that in turn provide affordable housing to low-income households. Affordable senior citizens’ homes, disabled people’s houses, and family apartments are all typical types of projects which receive assistance from these grants. The community development block grant (CDB) is one way HUD offers financial help with building new structures dedicated towards providing safe harbor along with other necessary amenities such as free medical care or daycare centers while also improving existing buildings within impoverished communities around
13. Tribal HUD VASH Expansion Grant
The Tribal HUD-VA Supportive Housing (Tribal HUD-VASH) is a grant program that provides rental assistance for Native American Veterans living on or near an Indian reservation who are at risk of homelessness.
14. Main Street Grants
The Department of Housing and Urban Development sponsors the Main Street grants program. Under this grant, communities with historical downtown districts aka “Main Street” can apply for funds to remodel commercial offices into affordable rentals. This condition is that owners must maintain the traditional character of their structures by staying true to its original design as much as possible. During renovations, rehabbers are expected to maintain certain elements such as restoring historic windows, doors frames and other features in need of repair.
15. Capital Fund Education and Training Community Facility Grant
You too can apply for the CFCF program funding! If you’re a public housing authority, your organization may be eligible to receive up to $5 million in capital investments. This money is specifically designated for construction, purchase or rehabilitation of facilities that provide early childhood education and job training programs as needed by communities.
16. Community Development Block Grants (CDBG)
These government grants are for investment properties. They’re provided by HUD and are basically formula grants for local governments to carry out economic and community development activities.
17. EDA Grants
The Economic Development Administration (EDA) provides grants to encourage economic growth within communities. You have to be able to show that your grant will help improve the economy.
In Conclusion, Government Grants to Buy Investment Property
There are many options when it comes to finding a government to buy investment property. If you’re considering this an a strategy, understand that it isn’t as simple as getting a free handout. You will need to demonstrate that whatever you’re doing is good for the community and will help the area thrive. In addition, you’ll also likely need to show that you’re stable enough to complete the project. Hopefully this article about grant money for real estate helps you complete your dream!
Real Estate Grants FAQ
Are there grants for real estate investors?
Yes! There are many grants for real estate investors. This list summarizes some of the most prevalent. Many grants are offered by government institutions to facilitate growth and the economy within communities. There are even some private and non-profit insitutions that offers grant money for real estate investors.
Can you get a grant to flip a house?
Maybe. There is definitely money available which could be used for improving communities through house flipping. With that said, there are other criteria the investor must meet. Some examples would be that they are financially stable and that the community would actually benefit from these rehabs.