Government Grants to Rehab Apartment Buildings
- The HOPE VI program provides grants to public housing authorities, or PHAs, across the United Sates to provide decent housing for their tenants. Grants are used to demolish uninhabitable housing units and rehabilitate existing structures. Funds are also used to construct new housing units and provide community and supportive services to residents displaced by the PHAs revitalization efforts.
- Landlords and co-op members who rent to low-income tenants can apply for grants to renovate and repair their apartment units from the Housing Preservation grants program. Sponsored by the U.S. Department of Agriculture, grants are available to applicants living in areas of less than 20,000 residents. Recipients must use funds within two years.
- Communities with fewer than 50,000 residents and 100 physical public housing units are eligible to receive grants under the Main Street program. Funded by the U.S. Department of Housing and Urban Development, or HUD, grants cover the renovation costs of converting unused office and commercial buildings into affordable housing units. These building are in the communities' historical downtown districts or Main Street areas, and the structures' historical and traditional characters must remain intact after renovations.
- HUD also sponsors the Public Housing Capital Fund program. Recipients use grant funds to develop, finance and modernize public housing units. Grants are also used to pay for management improvements. However, using funds to make luxury improvements to public housing units or cover costs associated with other programs not approved by the grant program are not permissible