Being a single mother is not an easy job, especially with the current state of the economy.
Employment is difficult to find, rent is expensive, and most single mothers are unaware of the assistance they may qualify for through housing grants for single mothers.
To help solve this problem, we’ve put together a list of housing grants available to qualifying single moms.
HUD Housing Grants
The US Department of Housing and Urban Development, also known as HUD, provides single mothers and low income families with access to a variety of housing grants.
If you are having some financial difficulties and are unable to afford your rent or mortgage, consider the following grants offered through HUD. Additional and updated information on each of these grants can be found at www.hud.gov.
- HOME Investment Partnership Program – The HOME Investment Partnership Program is a federal grant offered through HUD to the states and local governments within the United States. This program allows communities to purchase land and build or rehabilitate housing that can be rented or purchased by low income individuals and families. Each jurisdiction must match 25 cents for each dollar contributed to the program in order to use it. These grants can also be used for rental assistance, loan guarantees, direct loans, credit enhancement, grants, or even assistance with rental security deposits.
- American Dream Down Payment Initiative – On December 16, 2003, the federal government signed the American Dream Down Payment Initiative (ADDI) into law, providing about $200 million dollars worth of funds to all 50 states. It was designed to help single mothers and low income families cover the costs that stop many individuals from purchasing their first homes: closing costs and down payments. Eligible individuals must be first-time homebuyers and have an income less than 80% of the average for their area. Up to six percent of the cost of the home can be obtained, or $10,000, depending on which is greater. Rehabilitation funds may also be obtained from this housing grant to help with repairing home health hazards, such as removing lead paint.
- PHA Housing Grants – PHA housing grants are available to single mothers through the Housing Choice Vouchers Program. This program allows low income families to rent or purchase safe and decent housing in their area. Vouchers are provided to the families who qualify and the public housing agency (PHA) in your area pays a portion, or all, of the rent or mortgage you owe each month. Any difference in the amount of rent or mortgage paid by the PHA and the total rent must be paid by you. Eligible individuals must have an income less than 50% of the average income in their area. Families who have an income of less than 30% of the average income for their area make up 75% of the housing vouchers given out. Although there are certain requirements for eligibility, and often a waiting list for those who qualify, individuals who are homeless, involuntarily displaced from their homes, or spend more than 50% of their income on rent may be able to obtain help more quickly.
- Housing Counseling Program – Sometimes a little education can go a long way. HUD provides education-based counseling for low income families and single mothers through the Housing Counseling Program. This program educates individuals who are renters, homeless, homeowners, and homebuyers. Its purpose is to provide knowledge about opportunities available through the federal government for assistance, grants, and access to affordable housing. Guidance and advice is given to homeowners, renters, and buyers to help them improve their housing conditions and prevent default, delinquency, and foreclosure. Assistance is also given to homebuyers to help them identify what interest rates are fair, how to avoid appraisals that have been inflated, and how to establish repayment terms they can afford.
As you can see, there are many housing grants available for single mothers. If you are interested in any of these grants, visit www.hud.gov or your local housing authority for information on how to apply.