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Rehabbing & House Flipping

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Matthew Spiegel
Pro Member
  • Investor
  • Long Island City, NY
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Government Grants to Rehab Houses in NY State?

Matthew Spiegel
Pro Member
  • Investor
  • Long Island City, NY
Posted Jul 24 2015, 20:10

So I was listening to this course by Daniil Kleyman which is pretty good, he mentions using government grants to renovate historic properties in Virginia.

I was wondering if there are any programs like that in the NY tri state area. Does anyone have any first hand experience with this? Was having a hard time finding any info online. I am interested in historic properties, affordable housing/section 8 and open to areas to fix and flip and also buy and hold specifically Newark/East Orange and around Jamaica, Queens and Far Rockaway. I noticed there are a lot of dilapidated houses in those areas, I'm guessing because the cost of the rehab would be more than the house is worth.

Perhaps there are some government grants or loans to facilitate a project like this?

Let me know your experience with government grants, thanks.

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