According to the government, all people on income driven repayment will not be required to pay more than 15% of their discretionary income or what their minimum payment on a standard 10 year repayment will be; however, in order to go onto a standard 10 year repayment, one must NOT be eligible for income driven repayment.I have worked at my college for six years.

What is the city government doing to attract businesses for the long haul?

Are there any restrictions from the US government or IRS or anything I have to be aware of? 

We were told by DHS that she doesn't qualify for government assistance because she was going to college but not working.

If you need a government insured loan, the best you are going to get is 6%, which will basically cover closing costs.

I was a bit worried by how far outside of the city these areas are and whether they would remain rentable and commutable if the government contracts and the local economy worsens.I'm guessing the areas you have in mind would be at least 45 minutes or so out... as you know, traffic here is a nightmare. 

However, thanks to our Federal Government manipulating interest rates, the annual interest on Tenant Security Deposits amounts to just pennies.

What I have learned is that you need to loan as personal loans not "mortgages"  if you do more than 4 mortgages than the federal government sees you as a lender and will require you to have all the licensing, etc that comes along with that.   

Plus you have the added protection of knowing that your deposit is backed by the Federal Government.  

@Daniel Okorie What rent amount per unit would you anticipate bringing in if the Section 8 tenants moved out and were replaced by typical renters without government rent assistance?