The Rural Housing Service (RHS), a Rural Development Agency (Agency) of the United States Department of Agriculture (USDA), has announced the applications for Housing Preservation Grant (HPG) program to provide eligible applicants grant funds to assist low- and very-low-income homeowners in repairing and rehabilitating their homes in rural areas.
Rental property owners must agree to make the units repaired or rehabilitated available for occupancy to very low- or low-income persons for a period of not less than five years.
The minimum five-year restriction to rent the very low- and low-income tenants will only apply to the units that are repaired with the HPG funding.
Any units within the property that were not repaired with HPG funding will not be subject to the five-year restriction.
Utilize This Offer
1. Native American tribal governments (Federally recognized);
2. City or township governments;
3. Nonprofits that do not have a 501(c)(3) status with the IRS, other than institutions of higher education;
4. Native American tribal organizations (other than Federally recognized tribal governments);
5. County and State governments;
6. Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education;
7. Faith-Based and Community Organizations.
Award Ceiling: US$50,000.
The term of the grant can vary from one to two years, depending on available funds and demand.
Closing Date for Applications: July 19, 2021.
For more information, please visit https://www.grants.gov/web/grants/view-opportunity.html?oppId=333826