The housing crisis has left families and communities in despair and without means to properly function within their neighborhoods. Run down houses, empty businesses and unkempt agriculture structures make up a large part of rundown communities throughout the US. What can be done to get these neighborhoods back into shape and their houses back on the market? Property preservation is a vital component and a booming industry considering all the work that needs to be done.
Recently, Congress passed a Continuing Resolution that will keep funding alive for government agencies such as the US Department of Housing and Urban Development. This will help to guarantee that low and very low income communities can continue to update and sell their properties.
It has been announced by the USDA that approximately 163 low income recipients will get funding to repair and improve their housing situation. This funding can also be combined with state and local funds and can be used on general repairs such as plumbing, weatherization, energy efficiency upgrades and other services that property preservation companies offer.
To some, 163 recipients may seem like peanuts considering the low income housing situation that is plaguing the US. That may be true but there are many grants and loans available to low income US residents for different types of repairs on various housing structures. Considering the current situation, any form of improvement upon the US’s housing situation is a step forward and should be looked upon as so. Current home owners should continue to keep their homes well maintained and sellers should look into the various ways to improve their homes current situation. The different types of loan and grant programs available through the USDA can be found at the following Web site: www.rurdev.usda.gov/programsandopportunities
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