Where can you Get Financial Aid for Your Relocation
There are several reasons why people relocate from one place to another; it could be due to a job transfer, business relocation, emergency situations, education advancement, or other unexpected expenses. The need to relocate is not because you have so much and with the fact that moving can be financially demanding especially if you are to move due to an emergency situation as a result of natural disaster or other unplanned reasons.
The cost of relocation can be huge and this may require you to seek for financial aid when you look at your budget and available resources at your disposal, seeking for financial aid might just be inevitable for you. The amount needed for your move is dependent on several factors like distance and volume or weight of your belongings to be relocated.
There are various ways through which you can seek for financial help either to foot the entire moving bills or augment the funds you have at hand or in your bank account. You can get financial aid from your employer especially if you are moving due to transfer at work, financial grant from the government, and housing emergency fund among others.
We will take a look at some of these means of getting financial aid for your next move in the sections that follow
EMPLOYMENT-BASED FINANCIAL AID
Some employers have policies and programs that are designed to help employees with financial aid when they need to relocate from one part of the country to another or across the country. Some companies offer moving allowance or relocation package especially if the relocation is due to transfer from the company to fill a position in a different branch of the company. This allowance is meant to help the employee pay for rentals, hotel for temporary accommodation, take care of moving expenses like paying for your local or cross country movers. Although sometimes the money might not be available immediately, you may have to source for it and your employer will refund at a later date.
Financial grant for preventing homelessness is meant to help people who are about to become homeless as a result of an unexpected eviction or occurrence. The grants are disbursed and administered by the housing agencies, Salvation Army, local authorities, and religious organizations. The grant is meant to cover expenses for moving, rental deposits, and hotel charges for temporary accommodation to prevent the individual from living on the streets. If you are stuck on getting an apartment or do not have enough to fund your moving costs you can consult your local housing agencies or other relevant agencies if there is any way they can help or if they are currently accepting an application for grants.
The federal government usually provide help to cover moving expenses for businesses and families, especially after an occurrence a natural disaster through their Federal Program for Relocation Assistance. The primary purpose of this program is to help people who need financial aid pay for their move so that they can relocate to a new apartment that is as good as their former home. Businesses are helped to get new locations and also given grants while families are assisted with funds to cover for their moving expenses and also to deposit for a new apartment whenever they are forced or displaced as a result of a natural disaster.
HOUSING EMERGENCY FUNDS
There is an emergency grant of over $2,000 set aside for eligible applicants who may need emergency assistance for security, rental deposits, and utility among others. The grant is managed and administered by the Housing Industry Foundation with the aim of helping families who need financial assistance for accommodation purposes such as renting a new home or paying for their moving expenses. It’s an emergency fund that is usually transferred to the new landlord, housing agent, or utility companies directly for the eligible tenant in less than 24 hours. Hence, if you can pay for your moving expenses but do not have enough to pay for rent for the new home you can apply for a grant with the Housing Industry Foundation.
Another wonderful way of raising funds for your move is to host a garage sale. A garage sale is an avenue through which you can sell items in your household that you no longer need at affordable prices to raise funds for your move. A garage sale will help you a lot because it will help you get rid of unwanted items that may add up to the weight of goods you need to move to your new home and with a reduced weight of goods, your moving cost becomes less. Hence, you will achieve more through a garage sale as you will be able to cut moving cost and still make money at the same time. If you have tried all means and you still haven’t had enough to pay for your moving expenses, why not organize a garage sale? And you will be amazed at how much you will be able to raise from the little bucks here and there.
Get rid of old sports accessories you don’t use again, unwanted books, and electronics. You can also auction these items online through platforms like Amazon, and eBay.
If you are moving as a result of job transfer or other job-related purposes, it is possible you qualify for some kind of tax rebates on your moving expenses. You need to consult your tax expert for more information on this, they can help you to take advantage of available tax rebates that you may qualify for. They can also help you in filing tax returns, this can also go a long way in lessening your financial responsibility when you want to relocate.
You can also go to borrow money from lenders. If you are in such a tight situation, you can take the option of going to borrow money from lenders to pay for your moving expenses. Although, the loan will attract interest and as a result of this, you must have a definite plan on grand on how to pay for this loan before applying for a loan so that you do not fall under further financial burdens.
If you have been on Job Seekers Allowance or Employment Support Allowance for up to 26 weeks, or if you are on pension, then it is likely that you will qualify to access a Budgeting Loan. A Budgeting Loan is an interest-free loan not less than $100 that can be repaid within 24 months depending on your financial situation and needs. Consult the relevant quarters for more information on this.
MOVING AND HOUSING GRANTS
Another method through which you can get financial help to fund your move is to apply for grants for moving and housing. In case you get an unexpected eviction notice to vacate your home, then you might have to turn to this option in order to get quick financial assistance for your move. If you are in this kind of situation, find out if you qualify for grants that help families with moving and housing expenses. You can contact your local foundations, private charities, and other public programs to apply for a moving or housing grant.
WHO QUALIFIES FOR FEDERAL ASSISTANCE
The categories of people or individuals who may qualify to obtain federal assistance for their moving or housing issues are as follows;
- DISPLACED FAMILIES: People or families who are displaced from their home due to natural disaster or accidents can get grants to cover for their moving expenses and also aid to get a home that is as good or as valued as the home they vacated.
- SMALL BUSINESSES: Small business owners too can get the financial aid that will cover their moving expenses to relocate to a new facility.
- RENTERS: Those who are at risk of being rendered homeless due to displacement or financial difficulty can also get financial aid to move into new or temporary homes so that they do not have to roam the streets.
When you are in serious financial constraints and you need to move due to one reason or the other, do not hesitate to explore the options highlighted above to get grants or financial assistance that will help you actualize your move. Visit the relevant authorities ask questions to know if you qualify for moving or housing grants.
Another option you can try is to go apply for a loan from financial lenders but you should be sure you have the means to repay the loan so that you do not end up being indebted and unable to pay. A downside to this approach is that it comes with interest as you will be paying more than you borrowed due to the interest rate on the loan. When you wish to go for a loan make sure the most favorable interest rate for you.