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Forums » HUD, VA, and Tax Sales » this is how you do it!

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Residential Real Estate Agent · Los Angeles, California


Hello everyone-

The other day I was in deep discussion about various programs that are offered through our government programs and I was shocked at how many people did not know what is out there for them. Below you will find a list of grantors and their grantees that have been awarded grants for various reasons.

Congrats to all of you out there that get the job done with the governments money, you are a tax payer why not put your hard earned money (or not so hard earned LOL) to work through these offers.

Take a look

http://www.hud.gov/offices/cfo/earmarks.pdf


· Portland, OR


loki005,

Yeah i had looked into it but I never actually did it.

You are so right on...you go super hero! :superman:

Insatiable
West Hills Homes, Inc.


Residential Real Estate Agent · Los Angeles, California


Over the past couple of months I have obtained much information about HUD homes and FHA loan programs that are offered to the public. Much money is waiting for us and what we do with the knowledge will decide how we and are future family will live.

If you have any questions feel free to ask!


Real Estate Investor · Ohio


Loki.. thanks for the info.. Have you been successful at obtaining any of this money yet?


Residential Real Estate Agent · Los Angeles, California


I have helped several of my family members obtain FHA loans and government programs to help improve their homes with no money out of their pocket. I have not done it myself due to various reasons but as soon as I have all that under control I should start doing it myself.

My main goal before the end of this year is to joint venture with a partner of mine and obtain an SRO building. With all the benefits avaliable for SRO housing this is not only profitable for me and my partner, but we will be able to provide afordable housing to low income indivduals.

P.S. SRO means single room occpancy and they will provide you up to $20,500 for rehab on each single room of your property. This goes a long way to add sqft (more housing for SRO indivduals) to your property and to bring it up to code. Also you can section 8 each unit and receive check form the government for housing section 8 canidates.

Section 8 will pay the difference of rent being charged (you have to follow FMR values of that year) to the renter of your unit. They allow the renter to pay no more than 30% of their adjusted gross income each month.


Real Estate Investor · Ohio


Loki,

I am familar with Sec 8, one of my tenants is currently on it. I did find one program that assist property investors with rehab expense for low income rentals. (Section 533 Housing Preservation Grant Program) I am now trying to obtain more information as to how to apply for these funds through my state.


Residential Real Estate Agent · Los Angeles, California


HUD ANNOUNCES MORE THAN $18 MILLION TO HELP DEVELOP HOUSING FOR VERY LOW-INCOME ELDERLY
WASHINGTON - U.S. Housing and Urban Development's Secretary Alphonso Jackson today announced $18,440,932 in Section 202 Demonstration Planning Grant (DPG) funds will be awarded to 75 sponsors that provide supportive housing for elderly projects.

" This funding will help many organizations cope with the complexities of developing these important projects and allow them to help more elderly people in their communities," said Jackson.

These " predevelopment" funds will assist sponsors of these Section 202 Elderly Housing projects in 31 states. The grants will help them bring their projects from the award of a Section 202 grant to initial closing within the allotted 18 months.

The Section 202 DPG Program will provide upfront funds for such predevelopment activities as architectural and engineering work, site control, and other expenses related to the development of the projects prior to initial closing. Without the grant funding, such costs would not be reimbursable until closing or would have to come from other funding sources.

To be eligible for the grants, the activities must otherwise be eligible for funding under the Section 202 Supportive Housing for the Elderly Program. The maximum grant amount per single application is $400,000, however, no more than $800,000 could be awarded to a single sponsor or its affiliated organizations.

Subsequent to providing predevelopment grant funding to the selected applicants, the Department will assess the impact of the availability of such funding on the ability of sponsors to expedite the development processing of Section 202 projects.

State-by-State breakdown:

State Recipient
Amount

AL
VOA Southeast, Inc.
80,000

AL Total
80,000

AR
St. Bernard's Village, Inc.
105,650

AR
St. Bernard's Village, Inc.
117,750

AR Total
223,400

AZ
Catholic Community Services of Southern Arizona, Inc.
284,100

AZ Total
284,100

CA
Southern California Housing Development Corporation
397,000

CA
ESKATON Properties, Inc.
400,000

CA
Volunteers of America National Services
284,160

CA Total
1,081,160

CO
Longmont Housing Development Corporation
399,000

CO
Housing Sol for the SW
399,000

CO
Volunteers Of America National Services
146,816

CO Total
944,816

CT
Mercy Housing, Inc.
345,775

CT
Volunteers of America National Services
108,928

CT Total
454,703

DE
Martin Luther Foundation of Dover
196,606

DE Total

196,606

DC
Victory Housing, Inc.
400,000

DC Total

400,000

FL
Archdiocese of Miami
$400,000

FL
Miami Beach CDC
388,500

FL Total
788,500

GA
Valdosta Deliverance Evangelistic Center
161,500

GA
Providence Missionary Baptist Church
234,990

GA
Salem Baptist Church of Atlanta, Inc.
344,615

GA Total
741,105

IL
Ascension Development Corporation
308,070

IL
Catholic Charities Housing Development Corporation
400,000

IL
Accessible Space, Inc.
177,962

IL Total
886,032

IN
AHEPA National Housing Corporation
221,740

IN Total
221,740

KY
Christian Benevolent Outreach, Inc.
242,216

KY
KY Communities Economic Opportunity Council, Inc.
137,487

KY
Baptist Homes, Inc.
138,400

KY Total
518,103

LA
Diocese of Lafayette
70,007

LA
Calcasieu Council on Aging
69,830

LA
Terebonne Council on Aging, Inc.
280,895

LA
Macon Ridge Community Development Corporation
66,406

LA Total
487,138

MA
The Community Builders, Inc.
400,000

MA
Action for Boston Community Development, Inc.
400,000

MA
Montachusetts Home Care Corporation
284,200

MA Total
1,084,200

MD
Associated Catholic Charities
400,000

MD Total
400,000

MI
Presbyterian Villages of Michigan
369,523

MI
Lutheran Social Services of Michigan
228,291

MI Total
597,814

MN
Accessible Space
296,767

MN
Ebenezer Society
397,650

MN
Horizon health, Inc.
213,000

MN Total
907,417

MO
Community of Christ
374,880

MO
Cardinal Ritter Senior Services
298,578

MO Total
673,458

NC
St. Joseph's of the Pines
162,310

NC Total
162,310

NH
CAP Belknap-Merrimack Counties, Inc.
199,448

NH Total
199,448

NJ
Catholic Charities of Archdiocese of Newark
400,000

NJ Total
400,000

NM
Eastern Plains Housing Development Corporation
67,464

NM Total
67,464

NY
The Silvercrest Center for Nursing and Rehabilitation
396,000

NY
HANAC, Inc.
399,608

NY
United Odd Fellow & Rebekah Home
385,270

NY
Fordham Bedford Housing Corpoation
372,500

NY
Urban League of Rochester Economic Development Corporation
136,924

NY
Loretto Management Company
222,888

NY
ITC Corporation
171,300

NY
People, Inc.
191,900

NY
Maranatha Human Services, Inc.
129,001

NY Total
2,405,391

OH
Housing Service Alliance
122,087

OH
National Church Residences
400,000

OH
Franklin Foundation
177,920

OH
Adams-Brown Counties Economic Opportunities, Inc.
75,425

OH
Warren County Community Services, Inc.
349,410

OH
Lithuanian Center, Inc.
250,215

OH
Kappa Alpha Psi Fraternity House of Cleveland, Ohio, Inc.
316,222

OH Total
1,691,279

OK
Volunteers of America of Oklahoma, Inc.
156,600

OK
Little Dixie Community Action Agency, Inc.
67,250

OK
Choctaw Hope Development Corporation
74,750

OK
Choctaw Hope Development Corporation
74,750

OK Total
373,350

OR
St. Vincent de Paul Society of Lane County
400,000

OR Total
400,000

PA
Haven Peniel United Methodist Church
304,391

PA
Lutheran Service Society of Western PA
235,109

PA Total
539,500

TN
Douglas Cherokee Economic Authority, Inc.
78,700

TN
Douglas Cherokee Economic Authority, Inc.
70,100

TN Total
148,800

TX
NE Texas Disciples Homes, Inc.
195,190

TX
Christian Church Homes of Northern California
131,831

TX
Pilgrim Senior Citizens Housing Development Corporation
344,971

TX
Methodist Retirement Communities
360,941

TX Total
1,032,933

WI
Catholic Charities Bureau, Inc.
50,165

WI Total
50,165

GRAND TOTAL $18,440,932


Residential Real Estate Agent · Los Angeles, California


Hello there TC-

Below is the information you need in order to register for grant(s) application(s), just follow the information given enjoy!

http://www.hud.gov/grants/index.cfm


Real Estate Investor · Fort Wayne, IN


I always knew you were a super hero Lito!!


Residential Real Estate Agent · Los Angeles, California


Just doing my part Jared that's all!


Real Estate Investor · Fort Wayne, IN


Do you think that you could change your pic to the one you have with you in a cape? LOL J/K man. You are definitely an asset! Lot's of knowledge plus you are a SUPER nice guy!! :)


Residential Real Estate Agent · Los Angeles, California


So Jared did you read my other post in response to one of your replies on another thread (I know a bit confusing is it not)?

If not, I was asking what you had in mind of flipping homes recently so as I could help you obtain government loans and grant programs!


Real Estate Investor · Fort Wayne, IN


Please PM me Lito with that info. Got a lot going on tonight. I hope this thread doesn't get deleted. :)


Residential Real Estate Agent · Los Angeles, California


Okay Jared I will forward you that thread link so that you can read what I ask you, talk to you later Jared!


Homeowner · Grand Rapids, MI


I actually just bought my home at a mortgage of $142k which included down payment and closing costs rolled into it (so the home actually sold for $136 I think???). I'm pretty much paying ZERO dollars to get out of my apartment and into a home. Only fee's I've paid are some inspections.

ps - first post here!


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