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It's late at night, an ad comes on television, and all of a sudden you see someone screaming that you too can get free money from the government in order to buy real estate and you want to reach out and get that book or set of CD's right away. But when you buy it the information seems poorly organized and somehow you don't end up getting any grant money.
In this article, we'll tell you where you can really find real estate grant money without some costly and ineffective middle person.
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If you're facing foreclosure, grant money is coming available. The Housing Rescue and Foreclosure Act of 2008 was recently signed into law. The bill will provide $4 billion worth of grant money that local areas will then be able to use to deal with foreclosed properties. The money will be granted to nonprofit housing groups. So if you have a desire to create such a group, or currently are in charge of one, you may qualify for this real estate grant money. For detailed information see the House Financial Services Committee web page here at http://financialservices.house.gov/FHA.html
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For information on all grants available, the one-stop to consult is http://www.grants.gov/. The http://www.grants.gov site offers powerful search tools that anyone can use, and it should be the starting point for almost anyone interested in grant money. If you find a grant for which you believe you qualify, this website will also take you through the application process and allow you to track the progress of your application This website is especially helpful for private entities looking for grant money. Grant money is out there, if you're willing to look for it.
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Are you embarking upon a small business venture? If you're involved in a commercial real estate venture, you can then apply for a small business loan. But don't forget to also apply for grant money that's freely available. You can even arrange for a twenty-minute session with a Housing and Urban Development counselor find out more. Their contact information can be found at http://www.hud.gov/offices/osdbu/contact.cfm.
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Local Housing and Urban Development Offices are also great resources. At the Housing and Urban Development website, you can find grant money, money for faith-based initiatives, and more by looking up the Housing and Urban Development information at http://www.hud.gov/local/index.cfm.
Real estate grant money is currently available, and more is becoming available quite soon. Use these resources to locate the money you need for your projects.
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