Getting Financial Moving Assistance for Your Relocation
The Need for Financial Aid for Moving
People move for numerous reasons including a good job offer, emergencies and to establish a fresh start. Relocating is expensive, especially if the move is across the state. Having enough money is critical including all of the hidden costs.
Top Financial Moving Assistance for your Move
There are packing materials to purchase, boxes to pack and often a moving company to hire. Due to the associated expenses, some governments and employers offer a financial relocation program to help with monetary concerns.
These programs make moving more affordable. There are even organizations offering assistance to individuals experiencing difficulties related to a move.
Employer-Based Relocation Aid Programs
We have found the majority of employers are offering a program or policy to offer employees assistance with financial aid pertaining to relocating. These programs are available whenever necessary.
A good example is individuals potentially entitled to receive a relocation package or moving allowance under specific circumstances. An example is relocating for a vacant position within another branch of your company in another country or state.
We understand the importance of an allowance to pay for rentals or temporary accommodations such as a hotel or a hostel. You will also need to pay for moving expenses and a lot more.
We want you to understand, this allowance may not be available immediately. You may need to initially pay for your expenses, then apply to your employer or company for a refund later.
We recommend checking with your organization to determine if they will pay for your entire family’s accommodations as well. Accommodations for several months is expensive, so we recommend asking for this benefit if it is available.
Federal Assistance for Homeowners
Both small business owners and families can generally receive assistance for moving expenses in emergency situations such as a natural disaster. We recommend checking federal programs created specifically to offer assistance with relocation.
The idea of these programs is to offer assistance to small business owners and families with grants. This will enable you to relocate to a new facility or home much more easily. Your new home will have similar features to your original residence.
Small business owners generally receive assistance in finding a new business location. The business is usually provided with a grant to cover the expense of relocation. Individual families can receive funds to help with the move.
We have often seen families impacted by a natural disaster forced to move. These families can receive funds to cover a deposit to purchase a new home. If a renter has already lost their home or may become homeless, there is help available.
There is assistance for relocation available to help with homelessness for all qualifying individuals.
Financial Grant for the Prevention of Homelessness
If a homeowner is about to lose their home because of an unexpected notice of eviction, we believe it is important to know there are grants available. These grants are generally disbursed and administered through a variety of different agencies.
This includes housing agencies, religious organizations, the Salvation Army and local authorities. In most cases, the grant will cover the cost of moving, staying vouchers for hotels and motels and rental deposits.
The purpose is to prevent anyone from being forced to live on the streets. We recommend finding out if any applications for a grant are currently being accepted within your locality.
The expectations of the administering authorities are the funds dispensed should be received within a period of three years. Grants can be received for a maximum of 18 months worth of rental assistance.
We believe this is an excellent way for an individual or a family to start a new life.
Housing Emergency Fund
We are aware of a one-off emergency grant for housing. There is in excess of $2,000 available for eligible applicants that require assistance immediately for rental, security and utility deposits.
In most instances, the Housing Industry Foundation is responsible for granting this fund. The objective of the foundation is to decrease the financial burden for any family unable to initially come up with the necessary funds.
We have spoken with numerous families uncertain as to whether they would receive a refund for the deposit paid for their current residence. In most instances, a transfer of the emergency fund is received directly.
The transfer is sent to the housing agent, utility company or new landlord for the tenant within a maximum period of 24 hours. Both the eligibility details and application are available through the HIF website.
The United States Department of Housing and Urban Development also provides financial assistance. Help is available for renters forced from there homes due to construction, new project demolition or reacquisition with government funding.
When an individual is notified of this type of development leading to a loss of the home, it is critical the person does not move immediately. All available options should be determined first.
This includes any current requirements for applicable entitlement such as a refund of the rent deposit and relocation payments. We want anyone impacted by this type of development to be aware the following options are generally available.
Rental Assistance or Housing Replacement: This type of assistance is generally available to offer help for the acquisition of a similar or appropriate replacement home or to help pay the rent.
Moving Expenses: Moving expenses are usually paid according to a fixed rate, in full or as a combination of both for everyone.
Exchange your Unwanted Items for Money
We recommend this option as another way to secure funds for a move. Certain individuals are in serious need of funds for moving, are experiencing difficulties accessing any type of aid or have not qualified for federal relocation assistance.
Some of these individuals make the decision to sell some of their old possessions they no longer need. This is usually called a moving sale or a garage sale. There are a lot of guides currently available to help make a profit with a moving sale.
We believe this is a good idea for raising some of the necessary cash. A moving sale will also decrease the size of the overall load to save the individual money on their moving costs.
A lot of unnecessary items can be auctioned off through physical means or by using an online auction platform such as Amazon or eBay. Money can also be made for the move by selling old electronics, sports accessories or unwanted books or magazines.
Some people move due to an issue related to their job such as a job transfer. These people may qualify for help with moving expenses through some type of tax rebate. We recommend consulting a tax expert.
This is a good way to take advantage of any tax rebates available in addition to receiving help filling out tax returns. When relocating, the financial burden can be decreased by declaring relocation expenses when filing taxes.
Grants for Housing & Moving
We also want everyone to be aware there are grants available for both moving and housing. This is a good way to receive financial aid to help pay for a move. Once a notice is received the home must be vacated, the correct steps must be taken.
The homeowner must find new housing as soon as possible. This means finances are required for funding the move. We have witnessed a lot of people placed in this situation who do not have enough money available to relocate.
These individuals may qualify for grants created specifically to provide aid for families with both moving and housing expenses. Local foundations, private charities and public programs all offer assistance.
A lot of families feel trapped because they experience difficulties raising enough money for immediate relocation. This may be due to previous commitments, family challenges or logistics.
There are certain charitable organizations offering grants for these types of situations the families may be able to access. These organizations were founded to offer moving grants.
These grants can decrease the financial burden result from moving. The types of grants included are:
Low-Income Moving Grant: There are numerous low-income families who discover the relocation costs are a tremendous burden. Many of these families need financial assistance to be able to move easily whenever necessary.
There are generally government programs created to help these families move by providing them with a grant for moving expenses. We recommend any family in this category asks for information.
The family needs to know the availability and eligibility requirements for receiving one of these grants.
Relocation Assistance for Disabled Citizens
Physically challenged or disabled citizens are often unable to attain the finances necessary for relocating. For these individuals, the challenge is often greater. This is the reason so many government agencies and organizations have been established.
The idea is to offer aid for all of these citizens whenever they are required to relocate. The majority of these organizations and agencies can be accessed simply by asking people in the neighborhood, friends or family.
The organizations can also be accessed by conducting a search on the internet. The application process is simple and straightforward. Once a proper application has been completed and processes, the grant will arrive on time.
We recommend anyone in this category take advantage of this opportunity.
Moving Assistance Program for Veterans
Moving assistance can be accessed by all veterans who meet the requirements. Veterans can receive help with rent and utility payments, housing support, childcare and security deposits. Veterans Supportive Services also offer legal support.
The program has made a commitment to offering the required assistance for veterans. These services are always made available for assisting with relocation and moving.
There are a lot of religious organizations offering relocation and moving assistance for needy families, disabled citizens and women or single mothers with a low income. The funds help pay for immediate expenses such as the cost of moving.
In order to qualify for this assistance, there may be specific criteria. We recommend at least making an attempt by asking questions of individuals aware of these organizations.
We want you to realize this type of assistance is strictly based on the available budget of the organization. In some instances, loyalty to the religious body’s presiding officers may be the determining factor.
The Budgeting Loan may be accessible for individuals receiving a Job Seekers Allowance, Employment Support Allowance or a pension for a maximum of 26 weeks. This loan is interest-free and a minimum of $100.
Depending on the circumstances and financial needs of the individual, the loan must be repaid within a maximum of 24 months. We recommend at least giving this option a try to enable the individual to move as soon as possible.
The Bottom Line
Anyone who is currently moving or will need to move in the near future can take advantage of any of the financial opportunities discussed above. This will help decrease the burden of the move by providing the funds necessary.
There are a lot of generous charity homes and organizations willing to help eliminate the embarrassment resulting from a sudden and unexpected move. The issue is most people are not aware of these opportunities.
All of this information is intended to help individuals become aware of the available opportunities prior to moving.
How Do I Ask For Relocation Assistance?
If the reason behind your move is a job transfer, you can ask your company for financial aid. You might also be entitled to take advantage of the benefits of a relocation package. Create an estimate of the move so you’re aware of the funds you’ll require, and make sure the relocation package is discussed thoroughly so things work in your favor. In most other cases where you suddenly need to move, you can turn to charities and see if you’re eligible for some grants.
How Much Is The Average Relocation Package?
A relocation package covers most costs incurred during your move to a new location. The finances covered by the company are flexible in nature. Some companies are more generous and cover the entire cost while others have a lengthy discussion to negotiate the financial aid they can provide. The average package can cover amounts starting from $2,000 up to $100,000. Costs are finalized depending on how big the move is and how much trouble it involves for you.
What Is The HOPE Program About?
HOPE is an acronym for ‘Housing Opportunities and Prevention of Evictions’. This program is a recent initiative taken in North Carolina and is like a ray of sunshine for those who need financial aid to save their homes. The program aims to help those in unfortunate housing situations due to the COVID-19 pandemic. The support provided by this program helps people get back on their feet as the burden of rent or utilities is taken away from them for a certain period.
How Does The HOPE Program Work?
The Housing Opportunities and Prevention of Evictions (HOPE) Program works to provide rent and utility assistance to renters who are having a hard time with finances because of the pandemic. If you have a fear of being evicted, make sure you apply for the program and see if you’re eligible to receive the funds.
What Is A Generous Relocation Package?
A generous relocation package is when the company is ready to bear the full cost of your move. This is mostly the scenario when you get a lump sum, and you have the flexibility to spend it in ways that benefit you. The more financial assistance the package offers, the more generous it becomes.
How Long Do Companies Give You To Relocate?
Typically, you may need 8 – 16 weeks to relocate (depends on your circumstances). But when you’re made to relocate for a job transfer, companies usually give employees just 3 to 4 weeks’ notice. This might seem like less time, but the company also helps tremendously with moving-related tasks like house hunting and providing you with finances to hire movers.
What Is Included In Moving Expenses?
Moving expenses include costs associated with packing, manpower to haul boxes, truck rental, driver expenses and insurance. Do note there are several variables at play and you can have additional costs if you opt for supplementary services like storage units. Extra charges are also applied for packing bulkier items like a pool table and disassembly plus reassembly of furniture.
Does Social Security Help With Moving Expenses?
Moving can be really expensive especially if it’s a long distance move. You can limit your expenses by getting in touch with the social security office that lies in close proximity to your home to see if they have any relocation assistance programs running.