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The Flex Modification program is a conventional loan modification program designed to help homeowners who are experiencing long-term or permanent financial hardship. Using this program can help ...
In the United States, federal assistance, also known as federal aid, federal benefits, or federal funds, is defined as any federal program, project, service, or activity provided by the federal government that directly assists domestic governments, organizations, or individuals in the areas of education, health, public safety, public welfare, and public works, among others.
Failure to meet these requirements may result in either limitation of future funds or termination of assistance. Specific requirements for matching, level of effort, and earmarking are unique to each federal program, and are described in the laws, regulations, and contract or grant provisions that pertain to the program. [24]
Grant eligibility is typically determined by financial need. The application process is set by the agency providing the funds and often relies on data submitted via the FAFSA. While the terms grant and scholarship are frequently used interchangeably, there is a difference. Scholarships may have a financial need component but rely on other ...
The difference between the two concepts is that hardship is the performance of the disadvantaged party becoming much more burdensome but still possible. Force majeure refers to a party's contractual requirements have become impossible, at least temporarily. Hardship is a reason for a change in the contractual program of the parties.
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FEMA's Public Assistance Program (PA) provides grants for disaster relief aid to state government agencies, local governments, federally recognized Indian tribes, and private non-profit organisations in the wake of a disaster. [1] The program provides grants for two types of disaster recovery work.
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