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Home Return to Table of Contents: Sources of Financial Assistance for Historic Preservation Projects Federal Financial Assistance for Historic Preservation ProjectsCommunity and Economic Development Programs Housing
Federal Financial Assistance for Historic Preservation ProjectsCommunity and Economic Development Programs:
The HOME Program provides grants to fund a wide range of activities aimed at expanding the supply of affordable housing for low and very low-income families. Rehabilitation of affordable housing and site acquisition and improvements are eligible activities
These grants are targeted to addressing lead-based paint hazards in privately owned, low-income, owner-occupied, and rental housing.
Formula grants from this program fund the weatherization of homes of low-income individuals.
Grants from this program support rehabilitation of public housing (including historic public housing).HOPE VI Main Street Program
Federal Agency: Department of Housing and Urban Development
Recipients: Local governments
The purpose of the HOPE VI Main Street Program is to provide assistance to smaller communities in the development of affordable housing that is undertaken in connection with a Main Street revitalization effort. Obsolete commercial offices or buildings can be reconfigured into rent producing affordable housing.
Public Housing Capital Fund Program
Grants from this program can be used to rehabilitate public housing (including historic public housing) and address deferred maintenance needs.
The Department of Housing and Urban Development offers mortgage insurance not only for the purchase of homes, but also for their rehabilitation. Mortgage insurance programs for rehabilitation loans include:
Mortgage Insurance (Section 203(k))
Insurance for Construction or Substantial Rehabilitation of Condominium Projects
Improvement Loan Insurance (Title I)
Insurance for Cooperative Housing (Section 213)
Insurance for Rental Housing for Urban Renewal and Concentrated Development Areas
for Rental and Cooperative Housing (Sections 221(d)(3) and 221(d)(4))
Insurance for Single Room Occupancy Projects (Sections 221(d)(3) and 221(d)(4))
Insurance for Rental Housing for the Elderly (Section 231)
Insurance for Supplemental Loans for Multifamily Projects (Section 241(a))
These loans and grants may be used repair, improve, buy, or build housing for farm laborers.
Section 502 loans are primarily used to help low-income individuals purchase homes in rural areas, but funds also can be used to repair, renovate, build, or relocate homes.
Loans may be used to substantially rehabilitate rental or cooperative housing for low income rural residents.
These loans and grants assist very low-income, rural homeowners to repair, improve, or modernize their dwellings or to remove health and safety hazards.
The objective of the program is to repair or rehabilitate individual housing, rental properties, or co-ops owned and/or occupied by very low- and low-income rural persons.
This program awards grants for the conversion, major rehabilitation, or renovation of buildings for use as homeless shelters.
Grant funds can be used for acquisition and rehabilitation of structures for use as supportive housing to assist homeless persons in the transition from homelessness.
This program provides rental assistance for homeless persons in connection with the moderate rehabilitation of SRO dwellings. Owners are compensated for the cost of some of the rehabilitation (as well as the other costs of owning and maintaining the property) through the rental assistance payments.
through this program can be used for acquiring, remodeling, altering, expanding,
or constructing buildings for use as service centers, transitional housing or
other facilities for homeless veterans.
Eligible affordable housing activities must develop or support rental or ownership housing or provide housing services to benefit low-income Indian families on Indian reservations and other Indian areas. Rehabilitation is eligible for funding.
Loan guarantees under this program are available for rehabilitation of affordable housing.
Loan guarantees under this program are available for rehabilitation of single-family housing.
This program provides grant funds to repair houses inhabited by very low-income Indians.
These loans assist Native American veterans in improving, purchasing, or constructing a home on Native American trust land.
The Section 202 program provides capital advances to finance the construction, rehabilitation or acquisition of structures to serve as supportive housing for very low-income elderly persons and provides rent subsidies for the projects to help make them affordable.
This program provides capital advances to finance the construction, rehabilitation or acquisition of structures to serve as supportive housing for very low-income persons with disabilities and provides rent subsidies for the projects to help make them affordable.
This program provides housing assistance and related supportive services for low-income persons with HIV/ AIDS and their families. Eligible activities include the acquisition and rehabilitation of community residences and Single room occupancy units.
Home loans guaranteed by the Department of Veterans Affairs can be used not only to purchase or construct a home, but also for repairs, alterations, or improvements.