Infrastructure Cost Assistance: 2 Duplex Development (Desoto, TX)

[Derrick Barker]

Hello,

I am working on a 2 duplex development on appx. 1.6 acres in Desoto, Texas. The 1.6 acres is currently undeveloped and will require a public cul-de-sac, alley, and utilities, etc. Estimating $150K-$250K. I am wondering if there are any grants or other programs out there that can be used to assist with infrastructure costs on a small residential development. Also looking to understand if it is normal practice for cities to assist with or reimburse such costs. Any advice or ideas you can provide will be greatly appreciated.

Thanks

[Bill Goodland]

@Derrick Barker how much real estate experience do you have? I’d just say please be careful man. A contractor will tell you what you wanna hear because they want your business. Doesn’t mean it’s a bad deal or idea, but development is a whole different animal with a lot of moving parts so you don’t want your first deal to be your last