Where do developers get their money

[Rich Hupper]

Hi I am trying to learn more about property developers. When a property developer finds an old property in a historic district of an urban area that currently has many code violations not safe for human habitation, is there money or tax advantages out there they can get from the state and federal government to help them revitalize the property? What type of money is there? How do you get this money? Are there certain websites to go to? Would the purchase of the property be subject to the developer obtaining this money, or is this a risk the developer would have to take?

Also Would the developer inherit code violation fines the previous owner has not paid? Or would an agreement be reached with the city those fines would be remedied if the developer revitalized the property.

Looking forward to hearing from any of the developers out there.

Thank you