U.S. Department of Agriculture: Rural Housing Preservation Grant
The Housing Preservation Grant (HPG) program will provide grant funds to assist low- and very low-income homeowners in repairing and rehabilitating their homes in rural areas. In addition, the HPG program assists cooperative housing complexes and rental property owners in rural areas in repairing and rehabilitating their units if they agree to make such units available to very low- and low-income persons. 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 to 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.
Amount: Approximately $15,888,420 is available to make up to 160 awards ranging up to $50,000 each.
Eligibility: State and local governments; and non-profit corporations, which may include, but not be limited to, faith-based and community organizations, federally recognized Indian Tribes, and consortia of eligible entities.
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