Housing grants exist for single mothers and their families because they often need financial assistance to care for their loved ones. When a family only relies on one income, it can be difficult to cover basic living expenses. Housing grants for single mothers and other types of assistance for single parents help families live under one roof, while lowering monthly payments. Staying current on rent or a mortgage also allows single mothers to avoid serious financial issues. There are many programs that can help single parents, including Bridge of Hope, housing choice vouchers, and the first time homebuyer tax credit.
Bridge of Hope housing grants for single mothers
Bridge of Hope is a religious ministry based in Pennsylvania. The professional staff of social workers trains affiliate churches to support the families that they serve in every way that they need. In addition to allocated housing grants, this organization offers emotional support and financial budgeting services. Currently there are 23 Bridge of Hope locations in 13 states, as well as one Canadian province. You can visit the Bridge of Hope website to find a location in your region.
Housing choice vouchers for single mothers
The United States Department of Housing and Urban Development (HUD) coordinates the housing choice vouchers program. This initiative is intended to provide grants to very low income families that will help them pay rent in an apartment, townhouse, or home. Typically, the housing grants given equal the rent or mortgage minus 30 percent of the household’s gross monthly income. Talk to the local public housing agency (PHA) about the housing choice vouchers available to you.
First time homebuyer tax credit for single mothers
In 2009, the Worker, Homeownership, and Business Assistance Act established the IRS income tax credit for first time homebuyers, which includes single mothers. If you qualify, you may claim a one time tax credit of up to $8,000 on your annual income taxes. There is also a maximum $6,500 credit available for buyers who are moving into a larger home or apartment. The amount that you pay for the home will determine the tax credit amount that is issued. Depending on your specific circumstances, you may use the funds as a down payment or toward closing costs.
If you need further assistance locating or applying for housing grants for single mothers, contact the local PHA in your area. These agencies are a wonderful source for a wide range of public housing programs, including housing grants and housing choice vouchers. You can visit the HUD website to find the PHA closest to you.
Assertive Management Group is a part of Hope Housing Foundation (HOPE), a nonprofit corporation based in McKinney, Texas. We are focused around creating and preserving high quality yet affordable workforce housing for individuals, couples, families, and seniors in low and moderate income brackets. We are also committed to bettering the community that we serve. We are involved in a number of resident services, community development programs, and educational scholarship programs. To learn more about our mission and services, call (214) 842-8383 or Contact Us by email for more information.