Grants to help with moving costs – have you ever heard about it? Well, since it is a well-known fact that moving costs a lot of money, there are various organizations and government bodies that offer assistance to cope with these expenses.
There are hundreds of reasons why people decide to move out of their existing residence. It often happens to be a necessity, such as starting a new job in a new town, loss of a place to stay because of natural hazards, or the inability to pay monthly rent.
Grants for moving expenses may be accessible to you in various ways. However, it may be challenging to receive, particularly for families who make more than the local area’s average median income. As you may be aware, the government and other alternative sources of financial aid such as non-profit organizations and charitable groups usually only helps individuals who are genuinely in need.
How to get grants for moving expenses?
The following are some of the moving expense grants available to persons in the USA who require help relocating from their former home
#1. Relocation Assistance Program of the Federal Government
The Federal Emergency Management Administration (FEMA) oversees this program, and only specific types of persons are eligible to receive relocating funds under it. Natural emergencies have a way of wreaking havoc and forcing people to flee their homes. And hence, the Federal Relocation Assistance Program was established to help persons who were forced to abandon their homes and relocate due to hurricanes and other natural disasters.
If you want to get this grant for moving expenses, your home needs to be severely destroyed by a calamity.
This program also offers financial assistance to small business owners who may be forced to relocate due to calamities. Additionally, renters who are facing eviction can make use of this service. The relocating funds provided by this program covers both the transportation and security deposit costs for any individual. Additionally, these grants assist people with house repairs and interim housing options.
#2.Assistance with Homelessness Prevention and Rapid Rehabilitation
The Urban and Housing Development Department of the United States government administers a moving grant program. Individuals or families that are homeless or at risk of becoming homeless due to eviction are eligible for financial assistance through this program. This program ensures that such people are rehoused, and in some situations, rental help is provided and relocation help.
People whose homes are being demolished or taken over for government-funded projects can also apply for HUD relocating assistance. By addressing local housing agencies and emergency shelters, you can acquire funds through this award. Only those who are homeless or in danger of becoming homeless are eligible for this grant.
#3.Grants From the Good Neighbor Next Door
This is a grant funded by the HUD that is offered to those who engage in occupations that directly benefit the community by delivering essential services. Individuals who labor in the professions of law enforcement, education, firefighting, or even emergency medical services are generally dedicated to serving society. They are the ones who are qualified for this financial assistance. The Good Neighbour Next Door Grant covers up to 50% of your relocation costs. They also free you of the financial strain of relocating.
#4.Deduction of IRS Moving Expenses
Although this is not a grant, you’ll see that your money is saved when you consider the larger picture. The IRS Moving Expenditures Deduction allows you to deduct your moving expenses from your income, which means you won’t have to pay any taxes on it. This deduction is now exclusively available to military personnel, but the government has promised that it will be made available to all taxpayers in 2025.
If you claim moving expenses on your federal tax return, you won’t need to fill out any specific documents to qualify for this deduction. If you wish to apply for it, keep all of your receipts and bills and keep track of your relocation expenses.
#5.Get Money in Exchange
If you need help with relocation costs, we believe this is an excellent option to consider. Don’t worry if you’re in desperate need of money to relocate and aren’t eligible for any of the programs listed above. You may still be creative by selling some of your old belongings and proving to yourself that you can live without them. This is referred to as a garage sale or a moving sale. This strategy allows you to receive the cash you require while also saving money for moving expenses.
How should you begin your sale? It’s simple. You can start the process after gathering unwanted items by using online auction sites such as Amazon, eBay, etc. They are the best marketplaces since they have a large number of potential buyers. If you have any old accessories, sports, electronics, or even books, you can sell them to raise funds for your relocation.
The Bottom Line
If you get an unexpected notice to vacate your house, you must find alternative lodging as soon as possible. It also implies that you should have the financial means to begin the shift. If you don’t have the financial means to relocate, there are grants available to help families with housing and moving costs. Public initiatives, private charities, and even local foundations assist with grants for moving expenses.
