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About 90% of federal aid dollars are spent for categorical grants. Project grants are grants given by the government to fund research projects, such as a research project for medical purposes. An individual must acquire certain qualifications before applying for such a grant and the normal duration for project grants is three years.
These grants are offered by local, state and federal governments, nonprofit organizations, charities and churches. Some grants are available based solely on age, while others may be based on ...
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.
The new “high-efficiency electric home rebate program” delivers homeowners in lower income households — earning less than 150% of an area’s median income — up to $14,000 cash back when ...
The CDBG program was enacted in 1974 by President Gerald Ford through the Housing and Community Development Act of 1974 and took effect in January 1975. Most directly, the law was a response to the Nixon administration's 1973 funding moratorium on many Department of Housing and Urban Development (HUD) programs.
Seniors who depend on Social Security for a big chunk of their retirement income have faced tough times in recent years due to rising costs of housing, groceries and other essentials. Although ...
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
These grants have been accompanying rules and guidelines that constrain the recipient government in the use of grant funds. [1] Categorical grants are intended to help states improve the overall well-being of their residents, but also empower the federal government to exert more power over the states within a specific policy area.
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