FHLMC Targeted Affordable Housing (TAH)
Has anyone had experience with Freddie Mac's Targeted Affordable Housing (TAH ) program? I actually know several abandoned hotels in an area that for the right price and some renovations could be made into affordable housing. I need to do some more research as well to see if they would finance the renovation cost in the loan. I doubt it would make anyone rich - but it would help the community - in-turn helping property values and the economy of the entire county. On top of that - I'm guessing if you talked with the city/county about doing such project they would easily give you the permits/zoning required - and maybe tax incentives.
Any thoughts/suggestions would be greatly appreciated! Thanks!