The term "award" refers to a financial assistance grant provided by the Department of Housing and Urban Development (HUD) or another federal agency directly to a recipient. This financial assistance can take various forms, including grants, cooperative agreements, or block grants, which may involve money or property.
Awards are primarily used in the context of federal funding programs aimed at supporting housing, urban development, and related initiatives. Legal practitioners often deal with awards in administrative law, particularly in areas involving grants and cooperative agreements. Users can manage related forms and procedures, such as grant applications, using resources like US Legal Forms, which provides templates drafted by attorneys.
Here are a couple of examples of abatement:
For instance, a local government may receive a federal grant to improve public housing facilities. This grant would be classified as an award under HUD regulations. Another example (hypothetical example) could be a nonprofit organization awarded funding to support community development projects.
Major statutes relevant to awards include:
| Term | Definition | Key Differences |
|---|---|---|
| Award | Financial assistance from a federal agency. | Includes grants and cooperative agreements. |
| Loan | Borrowed money that must be repaid. | Loans require repayment; awards do not. |
| Grant | Financial aid that does not require repayment. | Grants are a type of award. |
If you believe you are eligible for an award, start by researching available federal grants or cooperative agreements. You can use US Legal Forms to access templates for applications and related documents. If your situation is complex, consider consulting a legal professional for tailored advice.
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Awards can include federal grants, cooperative agreements, and block grants for various programs.