Glossary




General Education Diploma (GED)Individuals must pass test to receive...
General Services Administration (GSA)Federal agency responsible for many a...
gentrificationProcess whereby private or government...
good faith estimateAn itemized breakdown of estimated cl...
grace periodAn allowed reasonable length of time ...
Granta form of assistance authorized by st...
GrantSomething given, as a privilege or ri...
GranteeThe agency that receives something of...
Grant Management Center ( GMC )A HUD organization which processes co...
Grantorfederal ageny that grants something o...
gross monthly incomeThe total amount a borrower earns eac...
gross rentThe total of contract rent and utilit...
Guaranteed loan fundsThe proceeds payable to the borrower ...

Individuals must pass test to receive GED, usually considered the equivalent of a high school diploma.

Federal agency responsible for many administrative duties of Federal government, including publication/posting on GSA's website of the Federal government's Catalog of Domestic Federal Assistance, which lists each and every Federal program, guidelines and contact persons, cross-referenced for ease in locating sources of funding for domestic (non-military, non-international) programs.

Process whereby private or governmental-sponsored developments in certain neighborhoods, usually inner city ones, results in the displacement of low-or moderate-income families by those in higher income categories.

An itemized breakdown of estimated closing or settlement costs.

An allowed reasonable length of time to meet a commitment after the specified date of the commitment. For example, most lending institutions allow a two-week grace period after the due date of the mortgage payment before a late fee is imposed.

a form of assistance authorized by statute in which a federal agency (the grantor) transfers something of value to a party (the grantee) usually, but not always, outside of the federal government, for a purpose, undertaking, or activity of the grantee which the government has chosen to assist, to be carried out without substantial involvement on the part of the federal government.

Something given, as a privilege or right, a sum of money or a tract of land.

The agency that receives something of value from the grantor

A HUD organization which processes competitive grant applications, determines formula grant allocations, and supports the public housing operating subsidy program.

federal ageny that grants something of value to a party

The total amount a borrower earns each month before income taxes or other expenses are deducted.

The total of contract rent and utility allowance - if no utilities contract rent equals gross rent.

The proceeds payable to the borrower from the issuance of debt obligations