Affordable housing complex

[Brian Smith]

Hello everyone,

I have 5 acres of land located in a city where housing is an ever growing issue. It crossed my mind that this would be a great location for an apartment complex. The city has been contacted and are very much in favor. Meetings are scheduled with city officials to discuss next steps. However, I do have a few questions as to where I should be looking towards next. I know one article of business would be sourcing capital. Its been brought to my attention that there are government grants for projects like these. Has anyone here used any grants on an affordable housing project? My hopes are that the BP community could provide me with some insight on grants and primary stages in a project like this.

Thank you in advance

[Brian Smith]

Quote from @Colleen F.:

@Brian Smith   No experience but have you looked into Mass Housing and 40B if this is land in MA.    I don't know about grants but I think there is financing.  

 That's some great information. Thank you I will be exploring further!