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Arizona Real Estate Q&A Discussion Forum
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Updated almost 6 years ago on . Most recent reply

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25
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6
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Charles Thurber
  • Rental Property Investor
  • Phoenix, AZ
6
Votes |
25
Posts

How hard is it to get a grant for a historic home in Phoenix?

Charles Thurber
  • Rental Property Investor
  • Phoenix, AZ
Posted

Hello BP! We are looking at an investment property in one of the historic districts in Phoenix. Has anyone received a grant to help with exterior costs? How difficult is the process? Thank-you in advance for any input!

Charley and Kia

Most Popular Reply

User Stats

38
Posts
19
Votes
Jake Saliba
  • Flipper/Rehabber
  • Mesa, AZ
19
Votes |
38
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Jake Saliba
  • Flipper/Rehabber
  • Mesa, AZ
Replied

If we are talking about the same grant, most of the things you are mentioning are not even covered. 

The intent is to help preserve historic architecture rather than replacing it. 

Is this what you're talking about?

https://www.phoenix.gov/pddsite/Pages/historicince...

(Website states no current funding available)

You definitely need to talk to historic preservation in person.

I agree with Pamela that there is opportunity for rehabs in the historic districts. However, the buyers there are extremely discerning, and have very specific tastes. 

If you start installing wood-look tile (criminal in the historic districts) and painting everything gray, you will not come close to the value of the good remodel comps in the more desirable neighborhoods.

Good luck!

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