In order for an organization or group to qualify for a funding grant from the U.S. Department of Housing and Urban Development, it must be registered with Grants.gov. Some state governments qualify for funding through the HOME program if they demonstrate the presence of high levels of low-income families.Continue Reading
All funding provided by HUD is intended to aid local and state governments, as well charitable or non-profit organizations, create housing opportunities and programs to aid low income families. HOME funding is designed to provide a financial stimulus for the construction of affordable housing in areas of a state that demonstrate a significant need for housing yet lack the financial means to implement it. It is not necessarily meant for the creation of specific housing projects.
HUD is a Cabinet department in the Executive branch of the federal government, which means it is directly overseen by the office of the president and is capable of providing input and requests directly to the office. Though it existed as a government entity since the Great Depression, it did not become a Cabinet department until 1965, as part of former President Lyndon B. Johnson's "Great Society" program of social and economic growth and expansion.Learn more about Real Estate