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A first-time home buyer grant (or first home owners grant) is a grant specifically for/targeted at those buying their first home — perhaps a starter home. Like other grants, the first-time buyer does not hold an obligation to repay the grant. In this respect, it differs from a loan and does not incur debt or interest. Grants can be given out by foundations and governments. Grants to individuals can be either scholarships or donations. First time home buyer grants are typically awarded based on a few criteria, primarily financial need and income qualifications. However, in countries like Australia, it is awarded . Many states have initiated grant programs to help lower income residents with the purchase of their first home. The United States Department of Housing and Urban Development (HUD) also provides grants to first time home buyers.〔http://www.hud.gov/offices/adm/grants/grantsrsrc.cfm〕 Funding for various state first time home buyer grants is nearly always available. In the fiscal year 2006, only two states exhausted their budgets for first time home buyer grants. ==Australia== A similar program called the First Home Owners Grant (FHOG) was introduced in Australia on 1 July 2000, where first time home buyers can receive a $7,000 once off payment to offset the cost of the GST. While the program is offered nationwide, the scheme is funded by the states and territories and subject to respective legislation.〔(First Home Owner Grant (Australia) )〕 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「First-time home buyer grant」の詳細全文を読む スポンサード リンク
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