Grants

[James Ward]

Is anyone on BP currently using grants, used grants, or have applied for grants? All pertaining to Real Estate.

Thanks.

[James Ward]

Here is what we are finding:

1) We have found a few Federal Grants- have to be communtiy renewal. Also must be fall into low income criteria.
2) We found a State Grant- also community renewal. Does not have to be low income.
3) We have found a couple Private Grants.

All of the ones we have found, are for community renewal. Which we were told that you have to buy "distressed" properties, fix them up, and sell to "low" income buyer.

Now: What does distressed and low mean. It seems that each Grant will have its own definition.

I will try to keep everyone up on the process as we move along. I will tell everyone this, it is very time consuming. And extremely frustrating!