low income apartment
There is no doubt that many American families are battling to cope financially at the moment – the cost of living seems to continue to soar while incomes stay flat or even decrease. If you are a low-income earner living pay check to pay check and are constantly worried about money, there is help available. Fortunately, the government and many non-profit organizations have put financial programs in place to help reduce some of these costs.
Below is a list of options for low income loans along with benefits and grants to assist with financial pressures.
Low Income Loan Options – One challenge low income earners and those with poor credit face is the ability to access cash for various expenses. If you need financial assistance beyond what grants and benefits can provide, there are reasonable loan options available; beyond payday loans. Visit our low interest loans section to review options.
Popular Benefits and Grants
Self-Sufficiency Grants A huge issue for many Americans are those who become victims of financial threshold limits. There are thousands of individuals and families who work and make just enough that they become ineligible for many financial assistance programs. It really brings the phrase “living pay check to pay check “to life.
ModestNeeds.org is a non-profit that helps Americans who fall into the above situation -hard workers who make just enough to be excluded from many financial assistance programs. They provide grants for unexpected emergencies and monthly bills. These are grants and not loans so do not need to be repaid.
Weatherization Assistance The Department of Energy has a weatherization assistance program in place designed to help people in many different areas of the country who cannot afford to weatherize their homes. The organization works with local governments and agencies to bring the most effective energy efficient technology to the underprivileged. They have helped more than 7 million American families since the inception of the program.
FHA Loans In order to buy a home, you will first need to find a company that is willing to offer you a mortgage program. The HUD (Department of Housing and Urban Development) has a very detailed method that outlines all the steps you need to take to purchase a home. The program helps you through all the steps from figuring out your budget and loan amount to getting inspections done and closing the deals. The FHA loans offered are perfect for any family struggling with their finances.
Rental Assistance Not every American owns a house. This is why the government found it important to create a rental assistance scheme for people in need. There are three main assistance programs. You can receive help from HUD where they subsidize your rent from apartment owners (they get the rent lowered for you and pay a little bit). Secondly, the public housing program provides a large amount of apartments for the elderly, impoverished, and people with disabilities at affordable prices. Lastly, the Section 8 program allows you to get a voucher that can be used to pay for a portion or all of the rent at select locations.
School Meals For Kids No child should have to go to school and be hungry which is why the FNS (Food and Nutrition Service) has implemented several programs to help feed hungry kids. These programs are geared towards families that cannot afford to send their children to school with food everyday. They include the National School Lunch Program, the School Breakfast Program, the Child and Adult Care Food Program, the Summer Food Service Program, the Fresh Fruit and Vegetable Program, and the Special Milk Program. Find out which ones are available in your state today.
Unemployment Insurance Just because you are out of a job doesn’t mean you have to suffer. As long as you qualify for the UI program offered by the Department of Labor, by actively seeking employment and having been fired for something that was not your fault, you can claim the benefits. Check the Department of Labor’s website for eligibility details by clicking the link above.
Employment and Training Assistance If you are unemployed and are having a hard time getting a job, there is a program designed to help you get back on your feet. This program offers help by allowing you access to education and training programs, professional and occupational certification and licensing, as well as financial aid.
Farm Loans If you are a farmer in dire need of financial and government support, the FSA loan programs may be right for you. They are loans designed to help repair, renovate, improve, and expand farms and ranches across the US. To find out if you qualify for assistance click the link above.