Is Your Real Estate Project Eligible for Grants?

[Julio Gonzalez]

There are many grants that are available for use on real estate projects. A grant is money funded by private entities and the government that is not required to be paid back by the grant recipient. This makes grants an excellent resource to bring real estate projects to life.

The capital is typically available for services or goods that are beneficial to the public. Grants from private entities are defined by the grant funder. Grants from government entities are an excellent economic tool as they help financially support projects, ideas and businesses that have the goal of creating public and social value.

Who is eligible for these grants?

• Real estate projects
• Small businesses
• Government organizations
• For-profit organizations
• Non-profit organizations
• Educational organizations
• Public housing organizations

How are grants helpful for your business or project? They allow you to get funds at more favorable terms than with a loan or credit card. It allows you to have a more diversified capital stack. The owner is required to give up equity in order to receive these funds. You can secure additional funding through pairing it as matching funds. But most importantly, they do not need to be paid back.

Resources for finding available grants:

• Grants.gov
• USA.gov/Grants
• National Institute of Health
• Small Business Administration - Grants

Many grants are highly competitive and tremendously detailed so having as much advocacy, expertise, and support in your corner is critical. What further questions do you have about grants?