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  2. Section 504 loans and grants - Wikipedia

    en.wikipedia.org/wiki/Section_504_loans_and_grants

    Section 504 loans and grants are a USDA rural housing repair program authorized under Section 504 of the Housing Act of 1949. Under current regulations, rural homeowners with incomes of 50% or less of the area median may qualify for the Rural Housing Service (RHS) direct loans to repair their homes. Loans are limited to $20,000 and have a 20 ...

  3. Government grants for home improvements - AOL

    www.aol.com/finance/government-grants-home...

    Section 504 Home Repair Program – This program provides loans and grants to low-income and elderly homeowners, respectively, to help cover the cost of repairing or modernizing their single ...

  4. Home improvement grants for seniors: 2024 options - AOL

    www.aol.com/finance/home-improvement-grants...

    The program exists to help promote “safe, decent housing for older adults in rural areas.” The grants can be used to remove safety hazards and health concerns within the home and are geared ...

  5. Federal grants in the United States - Wikipedia

    en.wikipedia.org/wiki/Federal_grants_in_the...

    A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States. Grants are federal assistance to individuals, benefits or entitlements. A grant is not used to acquire property or services for the federal government's direct ...

  6. Community Services Block Grant - Wikipedia

    en.wikipedia.org/wiki/Community_Services_Block_Grant

    The Community Services Block Grant (CSBG) provides federal funding for Community Action Agencies (CAAs) and other programs that seek to address poverty at the community level. Like other block grants, CSBG funds are allocated to the states and other jurisdictions (including tribes, the District of Columbia, the Commonwealth of Puerto Rico, and ...

  7. New Law Gives You $8,000 for Free To Make These 5 Home ... - AOL

    www.aol.com/finance/law-gives-8-000-free...

    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 ...

  8. SBA 504 Loan - Wikipedia

    en.wikipedia.org/wiki/SBA_504_Loan

    There are three partners in an SBA 504 loan—the borrower, a bank or other regulated lender, and a CDC. Typically the borrower must contribute 10% of the total project cost; their bank lends 50% at their own rate and term (as long as the term is at least 10 years), and has a first lien on the assets being financed; and the CDC lends 40%, with a second lien.

  9. Mortgages for seniors: Getting a home loan in retirement - AOL

    www.aol.com/finance/mortgages-seniors-getting...

    When seniors apply for a mortgage, lenders look at the same financial criteria as they do for any other borrower, including credit history and score, debt-to-income (DTI) ratio, income and other ...

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