First off, the federal government will not provide grants for starting or expanding your business. This is mainly due to the fact that federal grants are tax-payer funded and that, with countless strings attached, it would be impossible for the government to support businesses indiscriminately. Federal dollars need to be well spent, which is ensured through various compliance and reporting measures.
Main Street USA: Cornerstone of our Economy
Despite the recent economic crisis and the real estate nightmare that many Americans are currently going through, owning your home continues to be the quintessential American Dream. It is a sign of prosperity, financial security, and stability – as much as it is a satisfying experience. A house or an apartment is a great investment that has many financial advantages and brings with it substantial tax benefits. Interest paid on a a home loan and real estate taxes are among the very few major federal tax deductions. In times when the stock exchange seems a treacherous trap for your money, owning a home is the primary way many people build wealth.
The FHA has helped low income families realize the American Dream since 1934 (image: Library of Congress)