Community Investment Program

[Marty Rogachefsky]

Hello!

I own a rental property in Cleveland that's currently going through the Section 8 process. The repairs required by Section 8 after the initial inspection were pretty minimal, but I've heard that there are grants and certain lending programs that were available for Section 8 landlords (such as the Community Investment Program). Does anyone have any tips on the best way to finance renovations/improvements for properties like this? Curious if there are any grants available or if there are only better lending terms. Interested to here what strategies folks have used. 

[Joshua Janus]

Quote from @Marty Rogachefsky:

Hello!

I own a rental property in Cleveland that's currently going through the Section 8 process. The repairs required by Section 8 after the initial inspection were pretty minimal, but I've heard that there are grants and certain lending programs that were available for Section 8 landlords (such as the Community Investment Program). Does anyone have any tips on the best way to finance renovations/improvements for properties like this? Curious if there are any grants available or if there are only better lending terms. Interested to here what strategies folks have used. 

 There are a lot of programs for investors to get free funding for lead certification, lead remediation and such. Unfortunately it is almost run backwards and if the investor makes 80k+/year then you aren't eligible for almost all of it. Also it takes forever.