I can't speak for ALL downpayment programs since these are local programs from local non-profits, state agencies, etc. but I have never seen a downpayment assistance program allow a renovation loan.  

While they maintain or “service” the loan, the asset itself is sold to an aggregator or directly to a government agency like Fannie Mae (FNMA), Freddie Mac (FHLMC), or Ginnie Mae (GNMA).

Send the balance due to a collections agency and have them report the balance owed to the credit reporting agencies. 

In 2001 I started doing recovery work via a 3rd party agency. 

I use Teresa Wheeler at the John Hackney agency For properties in Ocean Isle and Charlotte.

We need to educate the tenants out there about what this bill will do.Nathan, to answer your question the bill is forgiving a proportional amount of an agency loan equal to the number of tenants whose rent is forgiven. 

In terms of a local title company, I have used Title Security Agency out of the River and Campbell office.

Although I disagree with his concept of creating a collection agency type function (I prefer to let courts handle payments, etc.,) the BP topic Brandon Turner Nails it on the COVID-19 Rent Due Advice may be of interest to many who feel overwhelmed.

Our country and people have become accustomed to "agencies" and unelected officials making their regulations and rules that are in reality laws, and it is against what our founding fathers planned.

Note, EIDL loans are only available to businesses without access to credit elsewhere, such as existing lines of credit.Eligible industries include, but are not limited to, hotels, recreational facilities, manufacturers, sports vendors, owners of rental property, restaurants, retailers, travel agencies and wholesalers.