The cost may be a concern if you are considering a home renovation. Homeowners often drop their home renovation plans for the next year, considering the hefty renovation cost. However, you will end up spending more in the subsequent years due to the rising inflation. The cost of home development and renovation items sores every year. In such a scenario, looking for home renovation grants and rebates is the best solution. Senior citizens in the USA are endowed with special rebates on home renovation. Let’s explore those home renovation grants for seniors in the following section.
Types of Home Improvement Grants
Different types of home renovation grants are there, irrespective of income source, age, and other crucial factors. You can also find some grants that are exquisitely available in the state you are presently residing. Leveraging these grants can help you to make a significant saving on your overall home renovation.
Federal Government Grants
When it comes to grants for home renovation, you will find two types of them. The first type is federal grants, while the other type is state grants. Federal grants are available for all citizens of the USA, irrespective of the state where they reside. On the other hand, state grants are only available for people living in a particular state.
In the following section, let us explore the federal government grants at a glance. Harnessing these grants will help you to reduce your hefty home renovation expenses to some extent. Moreover, federal home renovation or improvement grants are easier to apply.
1. Weatherization Assistance Program
The Weatherization Assistance Program (WAP) serves people who belong to the low-income category. The US Department of Energy funds for this program to support people living below the poverty line. Senior citizens under the low-income group can apply for this program, though it is available for people below 60 years as well. Started in 1976, this renovation grant program has helped more than seven million people in the USA. Adopting energy-efficient home improvement measures will help procure this grant perfectly.
2. Eldercare
Eldercare has been recognized as a public service program that has been initiated by the US Administration on Aging. The program aims to aid elderly people and their families to leverage various assistance through state and local support programs. The eldercare program offers support related to elder rights, housing, insurance, and other benefits.
3. The United States Department of Agriculture (USDA) Loans
Homeowners aged or above 62 years can apply for the United States Department of Agriculture (USDA) loan. A loan is not a grant, though getting a loan at an affordable rate of repayment interest is a boon for homeowners who are desperately seeking financial assistance for home improvement. Homeowners belonging to a low-income bracket can apply for this loan and use the money to enhance their residence’s safety and hygiene.
4. Low-Income Home Energy Assistance Program (LIHEAP)
The LIHEAP program is similar to the weatherization program, which renders energy and utility assistance to older adults. This federal grant has been rolled out to meet the heating and cooling requirements of low-income households. Unlike the weatherization program, LIHEAP has been designed differently for different states. Therefore, the grant will differ depending on the state you are living.
State Grants on Home Improvements
So far, we have discussed the federal grants for home improvement. Now, it is the time to understand and discuss state grants for home improvements. In the following section, find a quick look at the state grants for home improvements.
The US Department of Housing and Urban Development (HUD) has rolled out assistance programs for homeowners in different states. The grants vary from one state to another, depending on various parameters. People applying for grants under this program will receive a DUNS, the acronym for Data Universal Number System.
Local Grants on Home Improvements
Nonprofit organizations, religious institutions, and corporate organizations also offer home improvement assistance to homeowners. You can harness these grants to cope with the expenses of your home improvement project.
Contact Home Solution Pros, your best home improvement consultant in the USA. We serve in all states, ensuring the best guidance to the homeowners. From assistance in procuring home improvement grants to embracing the best ideas to elevate home efficiency, we help clients with the best solutions with precision.
