| The Federal Government has announced the 2009 | | | | to the local government offices who actually process |
| Stimulus Package under the guidance of President | | | | the loan for you. |
| Barack Obama with a focus of affordability & | | | | . Surf through the Federal Government's website and |
| stability. The package has a budget of $ 1 trillion that | | | | research as much as possible. Locate the grants that |
| would be given out in the form of grants, incentives, | | | | specifically meet your individual needs. |
| tax credits, loans, etc. The home owners can get loans | | | | . The first time home buyers should look for tax |
| to renovate their homes and they can seek guidance | | | | credits. These would depend on your income, marital |
| to get the loan modified. Those who wish to have a | | | | status, etc. |
| home of their own can apply for the grants for the | | | | . The grants & loans for home renovation are |
| first time home owners. | | | | processed through the local government office. When |
| Here are some tips to apply & qualify for the | | | | you approach them, make sure you have complete |
| grants to build home: | | | | documents of your income & expenditure. |
| . The right way to start off is to meet the HUD (US | | | | . They also require a quotation of the expenses that |
| Federal Housing & Urban Development | | | | are to be incurred in the required repairs. You must |
| Department) counselors. They would give you the | | | | have the quote of some professional regarding the |
| details of getting the grants considering your particular | | | | same. |
| requirements. | | | | . The 2009 Stimulus Package also allows personal |
| . Next, visit the local government office in your area. | | | | loans & grants. You can get these and invest that |
| Remember, HUD does not give any loans to the | | | | money in to purchasing or building a home. |
| individuals or the organizations. They pass on your loan | | | | |