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Updated almost 8 years ago,

User Stats

45
Posts
5
Votes
Adam Sporinsky
  • Investor
  • Chicago, IL
5
Votes |
45
Posts

Programs to help fund improvement to get section 8 approved?

Adam Sporinsky
  • Investor
  • Chicago, IL
Posted

I own a 4 unit investment property in the city of Chicago. While I haven't had a HUD inspection yet to verify if I do or do not meet their criteria the vast majority of my property should be fine. I do however have a large driveway that the previous owners did not care for well I am told that, somewhat strangely, concrete issues are often disqualiers in these inspections.

Does anyone have experience with the issues in HUD inspections, or know of any grant programs that would pay for or help with the cost of repair to the driveway. I've been quoted around 12k for a new driveway and don't see a way to get an ROI on that bit of capex, so I can't really afford to do so without just essentially throwing money away.

For the record, the driveway is safe and works well, it just isn't even, has plenty of poorly done previous repairs etc.  People currently park there now without complaint.

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