Monday, August 27, 2012

Not Every Area Hit By Floods Will Get Grants?




I was very much surprised by the process that determines whether or not an area will get a grant (as opposed to loan) help. For instance, in northern

Virginia area residents sustained a lot of flood damage. FEMA denied them disaster assistance.



Instead the SBA will spearhead a loan program for qualified residents at a lower interest rate. Number one I don't understand why its the SBA and not another agency that is handling this since it was always my thought that the SBA had to do with businesses and not personal residences. Number 2 I would love to know the reason why disaster assistance was denied for this particular area/region.



Of course when the residents heard of FEMA's decision they were outraged and they sent letters to that effect. It can take a lot of weeks before a

decision is made as to whether or not an affected area will get disaster relief from FEMA.

In the meantime the the residents still have to make a decision as to what they are going to do as far as repairing the damage to their residences.

Some of them had no flood insurance which - of course - makes the whole situation worse for them.



So instead of grants, eligible residents can apply for loans at a rate as low as less than 3 percent interest. $200,000.00 is available for structural

damage and $40,000.00 is available to replace personal property. I don't know whether or not these loans are secured

loans or not so its best to check the fine print BEFORE you

sign anything. If you have bad credit then - as far as I know - this shouldn't affect you

appling for this type of loan - but again - be sure to check first!



If you do have bad credit then you should get a a copy of your credit report. The law

says that you are entitled to a free credit report every year so you should take advantage

of that and get a copy of credit report for free.




Again, I would love to know the reason why FEMA denied this assistance?


Monday, August 13, 2012

"How Can I Apply For A Government Grant?"


"
How Can I Apply For A Government Grant?"



"How Can I Apply For A Daycare Grant?"


I have seen this question asked a lot and I think that I may even have answered this question before on this blog but here is the answer again.



It depends on the type of government grant you are looking for - and please bear in mind that it is not only the government that has grant programs.!



If you are looking for only official government grant programs then you can visit the government's official website! There you will find a current list of the official government grant programs.



If you are looking for a government grant program to help you pay your bills, it becomes a bit more difficult!


Wednesday, May 23, 2012

Here Is Another Myth About Government Grants!


A government grant is an award of financial assistance from a government agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of that country. Grants are not loans or assistance to individuals."

This is yet another myth about government grants. You really have to look into government grants to find out the truth - which is that there are many, many programs out there that are government grants that provide financial assistance to individuals.

The one that comes to my mind is the government grant program that provides financial assistance to those that are having problems paying their heating bills - especially during the winters when it is most needed. This is a government grant program where you have to fill out some paperwork to show that you meet the eligibility requirements and if you do meet them they will provide a payment to your heating / utility company. This is a government grant program that you do not have to pay back!

There is yet another grant program that provides loans to homeowners who are having trouble making their mortgage payments and who maybe facing foreclosure. This is a government loan program and it is not a government grant.

These are just 2 examples that dispel the myth that is mentioned above. If you have your doubts about government grant programs, the best way to solve that doubt is to find out more about government grants and what they are all about.

Thursday, April 26, 2012

Grant Program For Writers!




There is a foundation for writers that has a grant program that helps to support individual writers whose work addresses contemporary visual art.

The grant awards range from $3,000 to $50,000!

Writers who meet the program’s eligibility requirements are invited to apply in the following categories:

  • Articles
  • Blogs
  • Books
  • New and Alternative Media
  • Short-Form Writing


For guidelines and additional eligibility requirements, please visit their website.


Thursday, March 15, 2012

YES! There Are STILL Angel Investors Around!



Yes there are still angel investors that are around!

In one state there is one angel network that was formed to make financial and intellectual capital available for early stage and growing entrepreneurial companies!

This particular angel network seeks a balance among risk-adjusted returns, enhanced job creation and economic development in the state. The network looks to fill the gap for companies looking for and investment of $250,000 to $1,000,000.

The network is a not-for-profit entity that is member-led with each individual member making their own investment decisions. The culture of the group is intended to be one of active investors willing to contribute to the large amount of work involved in deal flow, vetting opportunities, presentation preparation, due diligence, negotiation and post-investment monitoring.

For more information you can either contact them by phone or you can visit their website.


Tuesday, December 6, 2011

"There Are No Grants To Start A Business" - Of Course There Are!



Here is an excerpt from an online site:

"Generally speaking, there are no grants to start a small business. A lot of books get sold and they all refer to the government website....

This is absolutely not true!

In my research of grant programs I have many of them that have been created to help people start their own business. Some of these grant programs are not government grant programs and I think that there is where some of the confusion is.

For example there is a grant program that grants up to $25,000 for those that want to start their own business. However this particular grant program is limited to minorities but if you are a minority (and that includes women) then this is definitely one grant program that you should consider.

You will have to submit a business plan as part of your application but if you are considering starting your own business then you should have a business plan already in place.

The above grant program that I mentioned is not a government grant program it is a grant program that is sponsored by a for-profit business! Maybe that makes it harder to find it because it is not a government grant program but it is a grant program none the less! This is grant money that you do not have to pay back if you get it!

You can see many, many more examples of grant programs to help you start your own business by visiting my Grant Basics 101 Website.

When you visit this site you will see many, many examples of grant program that help you start your own business.

Remember, when you read something that says that there are no grant programs to help you start your own business it is just a myth!


Monday, August 29, 2011

Grant Program To Hep Provide Financial Assistance For Caring For A Family Member



If you are looking for financial assistance to help with the care of a family member then here is a grant program that you might be interested in learning more about.

This grant program is for Hospice Patients & Families.

There is an organization that has a fund that helps provides financial assistance for terminally ill individuals and their families who are experiencing financial distress and unable to be self-sufficient due to the circumstances of their terminal diagnosis.

This organization will consider grant requests for patient and family assistance from any person that has a terminal diagnosis regardless of care-provider. In order to adhere to IRS guidelines for charitable giving, the organization must collect financial information from the patient and/or the family member applying for grant assistance. This information is then used to determine the level of financial need of the applicant.

Grants are made when the individual is considered “needy and distressed” as defined by the IRS.

For more information a detailed explanation of the grant guidelines can be downloaded online for free from the organization's website.


There Is Still Some UnSpent Katrina Money Out There!



It's a sad thing to have to report this but this is information that I feel people should know about since it is something that involves taxpayer money - meaning the money that you and I pay in taxes!



Did you know that more than a quarter of the $20 billion in Housing and Urban Development relief funds that were earmarked for Gulf Coast states after Hurricane Katrina remains unspent five years after the storm!



Friday, August 26, 2011

Hurricane Katrina Grants Going To The Wealthy But Not To The Poor!


According to some advocates, the effort to help Huricane Katrina victims with government grants seems to have benefited more affluent people than those who are low-incomed.

According to one organization, "The recovery is really the tale of two recoveries. For people who were well off before the storm, they are more likely to be back in their homes, back in their jobs and to have access to good health care. For those who were poor or struggling to get by before the storm, the opposite is true."

Louisiana's program to distribute grants to property owners whose homes were damaged or destroyed by Katrina was found by a federal judge this month to discriminate against black homeowners!

Meanwhile, in Mississippi, state officials refused to offer rebuilding grants to property owners who suffered wind damage, explaining that the property owners should have carried private insurance. That rule hit low-income and black homeowners particularly hard, advocates say, because many of them were uninsured, often because they owned property that was passed down through the generations.

The $143 billion federally funded effort, one of the largest reconstruction projects in the country's history, fortified vulnerable levees, rebuilt hundreds of public buildings, reconstructed miles of roads and bridges and provided tens of thousands of residents with money to help piece together their shattered lives.

But there is a sharp disparity in how residents view the pace of recovery. A recent poll by the Kaiser Family Foundation found that while seven in 10 New Orleans residents say the rebuilding process is "going in the right direction," a third say their lives are still disrupted by the storm.

African Americans are more than twice as likely as whites to say they have not yet recovered after Katrina, the survey found. And blacks in the city are 2 & 1/2 times more likely to be low-income than whites.

One disabled Vietnam veteran has said, "I just knew we had a rotten deal". He and his wife have been struggling to rebuild their duplex in New Orleans East. The storm propelled them on a years-long odyssey through Port Arthur, Tex., Houston and Arkansas. They did not return to their still-damaged home until 2008! Their home was valued at just $135,000, although repair costs were estimated by the state to be $308,000. They were awarded a grant of just $16,649 to supplement just over $100,000 they received in insurance payments.

The federally funded grant program offered homeowners grants of up to $150,000. But homeowners could not collect more than the pre-storm value of their homes, regardless of the cost of repairs.

A federal judge ruled that the program's formula for calculating grants discriminates against black homeowners, who tend to live in neighborhoods with lower home values.

A spokesperson for the grant program has said that they have already appealed the judge's decision and added that the grant program has modified the program to pay out an additional $2 billion to more than 45,000 low-income homeowners. So far the government grant program has paid $8.6 billion to more than 127,000 homeowners.

While the waterfront casinos are providing a large chunk of state revenue, the vast majority of residents are back in their rebuilt homes, although thousands are still struggling to find affordable housing as their recovery checks did not cover the cost of the damage.

Despite the improvements, many gaps remain.

In Mississippi, where Katrina severely damaged more than 101,000 housing units, many residents face what advocates call a similar inequity. Praised in the aftermath of Katrina for his can-do attitude, Gov. Haley Barbour received a series of waivers from the Bush administration that largely freed Mississippi from the requirement to spend at least half of his state's $5.5 billion in federal block grant money on low- and moderate-income residents. Barbour successfully argued that the waivers were necessary to give the state flexibility to deal effectively with the widespread devastation. That allowed the state to divert close to $1 billion to help devastated utilities rebuild, to subsidize residents' insurance premiums and the port and other economic development projects. Meanwhile, advocates say that more than 5,000 low-income Mississippi families have yet to settle in permanent housing since the storm. Advocates have said that more than $3 billion distributed by the state's housing recovery program went disproportionately to more affluent residents. The plan paid up to $150,000 to homeowners whose properties were damaged by the unprecedented storm surge spawned by Katrina, but nothing to those whose homes suffered wind damage.

To be eligible for the initial grants, families had to have homeowners insurance, although the state later devised a program that paid grants of up to $100,000 to low-income, uninsured homeowners whose properties were damaged by the storm surge.
The rationale, state officials said, was that responsible homeowners had no way to know that they should have flood insurance in areas that federal experts deemed to be outside of the flood plain.