It lets you buy bonds (usually Real Estate) for government projects.

Does anybody know about using government grants for buying multifamilies or renovations for a multi family?

I wouldn't turn this into a federal case though. 

I think HUD's own rules should govern this and not city policy.  

Highly recommend driving around or checking out deals on Zillow, Redfin, Trulia , Craigslist, rentometer and other apps or sites to find deals from For sale by owners ( FSBO: some are motivated, some Distress), Government ( FHA, HUD, VA, etc.), Banks (Real estate owned: REO, etc.).

cite=64.34.352 State law overrides your association governing docs.

@Milind Shastri  its not the after you own it worry seller is cashed out.. its the federal govmit on the hook If you dont' payFHA loans require the property to be in pretty tip top shape.. and the sellers are obligated to fix it per the appraiser.. 

That's the first profit. 2. 30% federal tax credit @$200k is $60,000 to you at tax time. 3.

Check with your local buildings or government office to find out where it is.

@ Zack  Consider Tower Federal Credit Union.