Rehab and loan forgiveness

[Michael Hicks]

I'm searching for a program, possibly a government backed/grant program that would loan money to purchase and rehab a property with a portion of debt forgiveness in order to make it profitable for the rehabber yet keep the purchase price low enough to bring in end buyers in a neighborhood that is prime for growth but needs a little help. I figured there's got to be some program out there for such an undertaking.