I've been involved in municpal planning as well as non-profit development.

Listings generate calls and they can be used simply as advertising keeping the Realtor in the Homes Magazine or similar publications.

Because of the publicity paid to the housing market lately, I suspect this fund will be able to sell out.

Michael made a great post on the MHA program, I'm not sure if they would do that for a non-owner occupied or not, you might check that out.

Here in Phoenix even non real estate investors are realizing that inventory is down, prices up.

The administrator of the program could be a non-profit company or even a for profit company.

I cut rents on one unit for a semi peace keeper, but she didn't really manage anything, just a point of contact for me, she worked at a local bank and was very good with the public, so lucky there I guess.I have done more in low income housing than anything else and if you start out running a tight ship, it's no more trouble than some executive rental, ($1,200 rent) who thinks he gets a private gardner and talks to his attorney all the time.

That would never happen in the private secctor.Financing is non-recourse to a N/P and is counted under the Community Reinvestment Act requiring loans be made by banks for the public good.

They know that banks probably won't loan on distressed, non-performing assets, or they simply want to assure a quick, certain close.

Irrigated/non irrigated?