FHLMC Targeted Affordable Housing (TAH)

[Ross Kalmbach]

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!