Types of Grants Available

Grant Application Training

Types of Grants Available

There are many different government grants available, from a great
many different sources. You may not even realize there is a type of
grant that meets the need you are looking for. Hopefully we can help
you become more aware of the different types of grants so you can make a
better selection of which to apply for. Here are some specific types
of grants you should know more about.

Most Popular Grants

One of the most popular uses of grants is to support first time home
buyers and help renters to get into the homes they need. There are many
grants for first time home buyers, and it is important for any new home
buyer, no matter what his or her level of income, to discuss available
grants with his or her realtor. The income requirements for these home
buyer government grants are often quite generous, and it would be a
mistake for any first time buyer to assume that they do not qualify.

A qualified real estate agent should be able to help you fill out the
paperwork for the grants for which you are qualified, and these first
time home buyer government grants can end up saving the first time buyer
thousands of dollars on closing costs and other fees.

Government grants are also a hot issue when it comes to college
education. As any parent knows, the costs of higher education have been
rising far faster than the rate of overall inflation, and government
grants of all sizes are available to help people cope with these rising

When applying for these government grants, the key is to apply early.
Many of the best college education government grants are distributed on
a first come first served basis, so the earlier you start applying the
greater your chances of scoring some of the millions of dollars of
government grants that are available to help pay for college costs.

Grant Types

Here are the basic ways grants are distributed and awarded:

Project Grants

Project Grants Awarded at no cost and are awarded for specific needs
with no time frame. Types include: fellowships, scholarship, research,
experimental, training, traineeships, experimental and demonstration,
evaluation, planning, and also technical assistance

Formula Grants

These grants are not awarded for any specific need. You can get a grant
for a small business through a formula grant plan. And the most
attractive part is that you need not pay it back.

One Time Payments

One Time Payments for grants with a specified use are awarded directly
to individuals and other organizations which support a specific activity
or long term goal.

Direct Payment

Direct Payment or Unrestricted Use Free federal grants are awarded to
eligible people and there are no restrictions on spending the money.
Benefits like retirement, pension and compensation programs come under
these types of loans.

Direct Loans

Direct Loans from the federal government are the other type. These are
granted for a specific time period and many of them do not charge

Guaranteed/Insured Loans Programs

Guaranteed/Insured Loans Programs are meant to help lenders against
defaults by those responsible for repayment of loans. The Federal
government itself makes an arrangement to identify a lender.

Insurance Free

Insurance Free grants give financial assistance to guarantee
reimbursement for losses sustained under specified conditions. These
grants are awarded directly by the government or through agencies. The
beneficiary sometimes gets the benefit of non-payment of premium.

Sale, Exchange, or Donation of Property and Goods Programs

These programs provide for the sale, exchange, or donation of Federal
real property, personal property, commodities, and other goods including
land, buildings, equipment, food and drugs.

Use Grants

Use of Property, Facilities, and Equipment Programs provide for the loan
of, use of, or access to Federal facilities or property wherein the
federally owned facilities or property do not remain in the possession
of the recipient of the assistance.

Provision of Specialized Services

Provision of Specialized Services Programs help Federal personnel
perform certain tasks for the benefit of communities or individuals.

Advisory Services and Counseling Programs

Advisory Services and Counseling Programs which Federal specialists to
consult, advise, or counsel communities or individuals to include
conferences, workshops, or personal contacts.

Dissemination of Technical Information Programs

Dissemination of Technical Information Programs provide for the
publication and distribution of information or data, frequently through
clearinghouses or libraries. This does not include conventional public
information services designed for general public consumption.

Training Federal Grants

Training Federal Grants for programs provide instructional activities
conducted directly by a US government grants agency for individuals not
employed by the Federal government.

Investigation of Complaints

Investigation of Complaints US government grants agency activities are
initiated in response to requests, either formal or informal, to examine
or investigate claims of violations of Federal statutes, policies, or
procedure. The origination of such claims must come from outside the
Federal government.

Federal Employment Programs

Federal Employment Programs reflect the government-wide
responsibilities of the Office of Personnel Management in the
recruitment and hiring of Federal civilian agency personnel.

Once you know what type of grant you need, the next step is to
develop ideas relating to the proposal. Remember, this part of the
process could very well be the most crucial, and not putting complete
thought into the approach could be disastrous!

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