Is a grant truly free money?
Yes and no. Grant money is offered without the terms of a loan. It doesn’t have to be paid back so long as you follow the criteria set forth with the grant. If the grant requires you to restore your century-old home, but instead you use some of the money to take a cruise to the Caribbean, you’ll most likely be required to repay the grant funds or finish the remaining repairs from your own pocket. If you use the funds as intended, they could be considered “free” as they are not required to be repaid.
