Grant programs for referbing homes?

Question

My husband and I are wanting to referbish our mobile home and build onto it. someone told him there were grants for that type of thing. I looked at our housing and urban development web page and couldnt find anything. does anyone know if this is true or where I should start looking -besides google- that is legit?

Answer 1

The city and county have grants.  They come and go.  Usually there is grant money available for 2 out of the 12 months.  It goes fast.  You have to watch the newspaper.  No one ever knows which city department will get the next grants so you can't plan ahead.   Some of these loans are not very attractive.  If you sell in 5 years you have to pay them a penalty; this isn't made so you can sell for a profit.  THe problem is that many people take the money because they don't plan to sell.  Then their plans change.

Answer 2

some grants are for first time buyers only--to help buy a home

some won't apply to mobile homes

money usually comes from block grant programs which communities then set up their own programs

many programs have run out of money

so do lots of searching to find out if there's anything available in your community

usually require payback if you don't stay in hoe for some specified amount of time

Answer 3

There are few rehab grants, no construction grants (adding on).  The grants that exist are for people who will not be able to maintain their property themselves, elderly and handicapped.

I doubt any would apply to a mobile home, as it is not a permanent structure and depreciates in value.

You should be able to get a personal loan or even buy your supplies with a credit card, but do not look at the tax payers to pay for your housing desires.