Arkansas is one of the best states to live in the U.S. The state has a strong economy and is among the top five most affordable states in the U.S. Arkansas comprise of big cities with many rural communities. Here, the weather is always great, and you will love the experience of outdoor life. If you are a lover of the vast American wilderness, then you will enjoy staying in Arkansas. The state is characterized by natural beauty, and there are a lot of great places to happily live in Arkansas. With a diverse population, effective transport systems, and a low cost of living, your family can surely have a great time in Arkansas. Becoming a homeowner won’t cost you a lot of money. You can also receive home repair support grants to make improvements to your home. Keep reading this article for more.
Housing Rehabilitation Program
Northwest Regional Housing Authority offers this program. It operates in 12 Northwest Arkansas Counties; Stone, Washington. Benton, Boone, Carroll. Madison, Fulton, Izard, Marion, Searcy, Baxter, and Newton. The purpose of the program is to provide grants to help low-income single moms, veterans, disabled, and the senior homeowners remove the safety and health hazards from their homes. Through this program, families can also receive low-interest loans to help repair and improve their housing conditions. The U.S. Department of Agriculture (USDA) Rural Development funds this program. To qualify for loans and grants, ensure have proof of homeownership and occupation. Your household income must not exceed 50% of the area’s median income. Grants are only awarded to seniors aged 62 and above and are not repaid unless the property is sold within three years. The program has up to $20,000 loans, and families have up to 20 years to repay them. Senior homeowners can receive up to $7,500 grants. You may use the funds to repair, improve, or modernize your homes. Grants are designed to help senior homeowners deal with health and safety hazards. https://nwregionalhousing.org/504-rehabilitation-program/ provides more information.
Community Development Block Grant (CDBG)
This program was developed in 1974 to help low-income families eliminate conditions that threaten their safety and health at their homes. It was also designed to address their agent community development needs. Arkansas Community and Economic Development (AEDC) administers this program in Arkansas. Who can apply for the grant assistance? Cities and counties with less than 50,000 population. The applicants’ low to moderate-income population must be at least 51%. Cities of larger entitlements cannot qualify for this program support. Please note that these grants are not given directly to individuals in need of home repair assistance. How does the program work? AEDC holds public meetings and hearings every year. The aim is to identify the immediate community needs of families of low- and moderate-income groups. Based on the public’s demands, the agency allocates and organizes the distribution of the grant funds to eligible entities. Visit https://www.arkansasedc.com/community-resources/community-development-block-grant for more details.
Arkansas Rural Community Grant Program
The purpose of this program is to improve the quality of life of Arkansas families living in rural areas. The program provides grants on a matching basis, to qualified families. The goal is to protect rural families against danger caused by health and safety hazards. The program work towards enhancing rural fire protection, while providing other emergency services to single mothers, senior, disabled, and veterans residing in rural settings. The program also helps with the improvement of community facilities. To qualify for the grant program project seeking funding must serve a population of less than 3,000. Projects can receive up to $15,000 grant awards with a 50% match. For more information, please visit http://www.ruralservices.arkansas.gov/.
Communities Unlimited, Inc. (CU)
CU provides loans to rural projects whose primary purpose is o save drinking water to the rural residents in Arkansas. The purpose of the funds is to enable the community projects to improve water systems by making the necessary repairs to maintain an adequate supply of safe water. Read more at http://www.communitiesu.org/.
Homeowner Rehabilitation Assistance Program
The purpose of the Homeowner Rehabilitation Assistance Program is to provide help with minor and major housing improvements needs of low- and moderate-income families in Jonesboro City. The program receives funding from the Community Development Block Grants (CDBG) through the U.S. Department of Housing and Urban Development (HUD). The program also aims to generally improve the quality of housing in Jonesboro. The goal is to offer health, sanitary, and safety conditions to Jonesboro disabled, single mothers, veterans, and senior homeowners. To qualify for the program, you must provide proof of legal ownership and have homeowner’s insurance. You must be residing within the Jonesboro city limits. Your family income must not exceed the Federal Income Guidelines provided by the U.S. Department of Housing and Urban Development (HUD). You must be up to date with property taxes, and your home is economically feasible for rehabilitation. During application, ensure you attach proof of your household’s current income, a copy of your social security card, or identity card. For more details, please visit https://www.jonesboro.org/156/Homeowner-Rehab-Assistance.