LATEST NEWS
Grant Seeker Pro government grants software program receives incredible 5 star rating from professional grant writer Adam Goodman.
----------------------------
Just In! Federal government just released
new funding for 2009. Government grants will exceed 100 billion for business alone
----------------------------
Recently, Grant Seeker Pro Incorporated has been selected for the Keeping America Strong Award which is awarded to those small businesses that help keep our nation great.
------------------------------
Housing grants for 2009 to hit over
5 Billion dollars. Existing owners to
receive limited bailout assistance. First time home owners to receive hundreds of millions in down payment assistance.
----------------------------
Small business grants to get your business started have been recently renewed. Grant Seeker Pro keeping thousands of customers updated.
----------------------------
Did you know the government updates the grants programs on a weekly basis? Grant Seeker Pro knows that and they make a special effort to advise you on all the recent changes to the government grants database.
----------------------------
This
past April, the state established a loan
program run by the Ohio Housing Finance
Agency, expected to reach $500 million by
the end of 2007. There is also a much
smaller rescue fund of $1.5 million that
supplies grants.
----------------------------
Under legislation introduced by state Sen. John Sabini (D-Jackson Heights), the government would pay 75% of the ESL tuition for foreign-speaking students who are over 18 and make less than $30,000 a year.
----------------------------
U.S. Rep. John McHugh’s office informed Trudeau that Frances Lund and Troy Randall have been awarded National Research Project grants from the National Institute of Allergy and Infectious Diseases and will each receive $1.6 million in funding over the next four years.
----------------------------
The U.S. Department of Labor (DOL), Employment and Training Administration (ETA) announces the availability of approximately $47 million in grant funds for YouthBuild Grants.YouthBuild is a youth and community development program that simultaneously addresses several core issues facing low-income communities: housing, education, employment, crime prevention, and leadership development. Grant funds will be used to provide disadvantaged youth with: the education and employment skills necessary to achieve economic self-sufficiency in occupations in high demand and postsecondary education and training opportunities; opportunities for meaningful work and service to their communities; and opportunities to develop employment and leadership skills and a commitment to community development among youth in low-income communities. As part of their programming, YouthBuild grantees will tap the energies and talents of disadvantaged youth to increase the supply of permanent affordable housing for homeless individuals and low-income families and to help youth develop the leadership, learning, and high-demand occupational skills needed to succeed in today’s global economy.
----------------------------
03/04/2009
Federal officials release
details of $75 billion loan modification and
refinancing programs. Borrowers can start
contacting loan servicers.
NEW YORK (CNNMoney.com)
-- The Obama administration's foreclosure
prevention program is open for business.
The multipronged fix calls for companies
to help as many 4 million struggling
borrowers by modifying loans so monthly
housing payments are no more than 31% of
monthly gross income. Separately, homeowners
who haven't missed a payment can refinance
into lower-cost loans even if they have
little or no equity. This is expected to
help up to 5 million homeowners.
The
$75 billion loan modification plan will
provide incentives to borrowers and loan
servicers and investors to spur mortgage
modifications. The government will also
subsidize interest rate reductions to get
borrowers to affordable monthly payments.
"This plan will help make home ownership
more affordable for nine million American
families and in doing so, help to stop the
damaging impact that declining home prices
have on all Americans," said Housing
Secretary Shaun Donovan.
Borrowers
can now contact their servicers to see
whether they are eligible for assistance.
Federal officials will promote the program
at homeownership events nationwide.
The administration Wednesday released
additional eligibility criteria and program
guidelines.
The loan modification
plan focuses on people who are behind in
their payments or are at risk of default.
Federal officials clarified the
definition of "at risk" as those: suffering
serious hardships, declines in income or
increase in expenses; facing an interest
rate hike; having high mortgage debt
compared to income; owing more than their
house is worth, or demonstrating other
reasons for being close to default.
To participate in the loan modification
plan, borrowers must:
have obtained
their mortgage before Jan. 1, 2009;
have
a primary mortgage of less than $729,500;
live in the property;
fully document
their income by providing tax returns and
pay stubs;
sign a statement of financial
hardship; and
go for counseling if their
total household debt - including auto loans,
credit cards and alimony - totals more than
55% of their income.
The modification
program will be in effect until the end of
2012, but loans can only be adjusted once.
Officials also unveiled more details on
how servicers will modify the loans. First,
they must reduce interest rates so that
borrowers' total house payments are not more
than 38% of their monthly income. The
government will then subsidize servicers
dollar-for-dollar to lower that ratio to 31%
- but the interest rate can't go below 2%.
The new interest rate would then
remain in place for five years, after which
it will increase by 1 percentage point a
year until it reaches either the original
rate or the prevailing mortgage rate at the
time of the modification, whichever is
lower.
If rate reductions aren't
enough to get payments to 31% of income, a
lender can extend the term up to 40 years,
or shift part of the principal to the end of
the loan at no interest. Servicers also have
the option of reducing the loan's balance.
Servicers will receive $1,000 for each
loan modified, as well as additional annual
bonuses if borrowers keep up with payments.
Investors will receive one-time $1,500
incentive payments for restructuring
qualifying loans that are not yet
delinquent. Finally, borrowers who keep up
with their new payments will receive up to
$1,000 a year in principal reduction, for up
to five years.
The program also
includes a new provision to eliminate
borrowers' second mortgages. Investors in
those mortgages, who at times have blocked
modifications because they don't benefit
from the adjustments, will receive
incentives to eliminate those claims.
Servicers that get second-mortgage holders
to participate will receive an additional
$250.
-----------------------------
According to a 2006 study by the A. Gary Anderson Center for Economic Research at Chapman University, government grants contributed $11.7 million to O.C. non-profit arts in 2006 alone. That figure, which was $11.1 million in 2002, has only gone up $600,000 in four years.
----------------------------
Small business research grants available
MORTGANTOWN — More than $1 billion in research grants are available from the federal government. "Small business owners and researchers may apply for grants to create new technologies that offer solutions to the nation’s most pressing scientific and engineering problems," said Sharon Stratton, manager of the WVU SBDC in Morgantown. Each year the Small Business Innovation Research (SBIR) funds more than $1 billion in early-stage research and development projects to small high-tech firms. SBIR funds touch the full spectrum of federal research and development. These awards are made in diverse fields including manufacturing process control, environmental monitoring, medical devices, software, avionics, optical computing, aquiculture and education.
----------------------------
Clinton opens "Frontiers of Opportunity" for tribal colleges - Bill Clinton, federal grants to Native American schools
After two decades of prayers, politicking and impassioned pleas, tribal colleges have gained greater access to federal grants under an executive order signed by President Clinton.
----------------------------
In 2007 the Legislature designated
$325,000 for a Sesquicentennial Grant
program to be available to communities and
organizations across Minnesota.
There
will be at least one grant, for up to
$1,000, awarded to a nonprofit or local and
county government and higher education and
local school districts in every county in
the state to help give every citizen the
chance to celebrate.
----------------------------
A
grant program for small businesses
This program is called the Small Business
Innovation Research program, or SBIR.
SBIR funds are granted in two phases: Phase
I awards provide up to $100,000 to help
businesses research and test the feasibility
of a new product or service idea. Often
Phase I goals involve the development of a
working prototype. With completion of all
Phase I development goals, award recipients
can then apply for a second, Phase II, grant
award of up to $500,000 to help bring
developed technologies or services to
market.
----------------------------
Free Meals and Food Items for the Needy
In 2007, the Congress set
aside $189.5 million for
The
Emergency Food Assistance Program (TEFAP).
This money was spent to provide free
emergency food and nutrition assistance
to low-income Americans.
Canned and dried fruits,
canned vegetables, fruit juice, dried egg
mix, meat/poultry/fish, dried beans, pasta
products, peanut butter, rice/grits/cereal,
and more than 60 products were made
available this year.
Homeless people, low-income
senior citizens, and needy households
benefit from
TEFAP.
Under this program, food is distributed to
needy households and individuals in the form
of food commodities
to be consumed at home or as prepared meals
served in certain locations.
If you qualify, you can get
free meals
served from soup kitchens or similar places
without making any applications. However,
you'll need to meet State income eligibility
requirements to be able to take home
commodity goods.
----------------------------
New Housing Grants to Help Prevent
Foreclosure
At the end of last
year, just over 9 percent of all home
loans in the United States were in
arrears or already in foreclosure, the
Mortgage Bankers Association has said.
A total of 8.1 million U.S. homes,
or 16 percent of all households with
mortgages, could fall into foreclosure
by 2012, according to a report by Credit
Suisse.
An Obama administration
official said the total plan commits up
to $275 billion for housing, including
$50 billion from funds already committed
in the financial sector bailout plan. It
aims to help up to 9 million American
families.
Mindful of critics who
might charge that the scheme would help
people who just took on far more debt
than they could afford, Obama said his
plan was aimed at "rescuing families who
have played by the rules and acted
responsibly," refinancing traditional
mortgages for up 5 million homeowners
who now are close to owing more than
their homes are worth.
It will
also establish a $75 billion fund to
reduce monthly payments for another 3
million to 4 million homeowners "stuck
in sub-prime mortgages they can't afford
as a result of skyrocketing interest
rates or personal misfortune," Obama
said.
|
