Anyone with $10,000 of capital to burn. (Most small homes are in the $2,000–$6,500 range.) You must be able to prove that you can afford to maintain your home, even with expenses such as insurance, taxes, and utility bills. So if you have a mortgage, you have to have funds to pay the interest. You also have to be able to maintain the house for at least five years. You also have to demonstrate that a good home insurance policy will pay for your home if your home falls into foreclosure or you find yourself unable to pay off your mortgage. Most small homes are in the $2,000–6,500 range.
How much does a boiler grant cost? A boiler grant can cover up to $500, though it might be a lot of money just for the initial application. (You also will have to pay the actual cost of installation—which can run in the tens of thousands of dollars.)
What do you need to apply? You don’t need to have a new home, but you do have to be able to prove financial ability and financial need. The biggest hurdle: You need to own a home. To qualify for the grant, you must own a home—or at least own enough of it to cover your monthly expenses. So if you own home equity, you have to prove that you can pay off the value of the home.
What should I do? Don’t delay! Check out our tips for preparing. Apply with help from a reputable lender such as First Home Trust, Chase Home Finance or Bank of America. Find out if there are any community-funded boiler grant programs in your area. If so, consider a grant from a community in need and be patient.
Step 2: Make Your Application
If you have never been through an application process before, there’s no right or wrong answer. Just make sure you have all the information you need to make your application.
Fill out the application by:
Attending a public hearing. The local community, public library or local government entity where you live has some sort of public process for submitting applications. Ask them to tell you where and when a hearing will be held. If they won’t do this for you, call their office first.
The local community, public library or local government entity where you live has some sort of public process for submitting applications. Ask them to tell you where and when a hearing will be held. If they won
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