July 14, 2003-buyers

Forget the stock market, precious metals or even trading cards! Invest in the one sure thing that is certainly a lot more profitable and will give you a lot more pleasure on a day-to-day basis than any other investment that you can think of … real estate.

Listed below are 19 federal money programs to encourage entrepreneurs to become real estate investors. There are over 4,000 money programs for real estate ventures offered by federal, state and local government agencies and non-profit organizations. A good place start searching for these programs is www.cfda.gov and www.govengine.com.

The program descriptions below contain the official program name and the program number, as listed in the government’s Catalog of Federal Domestic Assistance. You can go to www.cfda.gov and enter the program number to obtain a complete description.

$500,000 If You Can’t Make A Profit On Your Apartment Building
(14.167) Mortgage Insurance-Two Year Operating Loss Loans, Section 223
http://www.hud.gov/offices/hsg/hsgmulti.cfm

$7 Million For Investors, Builders And Developers To Build Houses And Apartments
(14.188) Housing Finance Agencies Risk Sharing
http://www.hud.gov/offices/hsg/hsgmulti.cfm

$20,000 Grant To Prepare A Loan Package For An Apartment Building
(10.442) Housing Application Packaging Grants
http://www.rurdev.usda.gov

$277,000 To Help Purchase A 2-4 Family Unit
(14.117 Mortgage Insurance – Homes
http://www.hud.gov/progdesc/203b--df.cfm

$1,000,000 For Investors To Develop Coops
(14.126) Mortgage Insurance – Cooperative Projects
http://www.hud.gov/offices/hsg/hsgmulti.cfm

$5,000,000 To Build Or Fix Up An Apartment Building
(14.155) Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects
http://www.hud.gov/offices/hsg/hsgmulti.cfm

$450,000 To Make An Apartment Building Assisted Living
(14.314) Assisted Living for Eligible Housing Projects
http://www.hud.gov/offices/hsg/mfh/progdesc/alcp.cfm

$15,000 Grant For Owners Or Developers In Small Towns To Fix Up Their Home
(10.433) Rural Housing Preservation Grants
http://www.rurdev.usda.gov

$2,000,000 To Build Or Rehabilitate Condominiums
(14.112) Mortgage Insurance for Construction or Substantial Rehabilitation of Condominium Projects
http://www.hud.gov/offices/hsg/hsgmulti.cfm

$5,000,000 For Investors To Develop Housing For Seniors, Moderate Income Families And People With Disabilities
(14.135) Mortgage Insurance – Rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest Rate
http://www.hud.gov/offices/hsg/hsgmulti.cfm

Money For Investors And Non-Profits To Develop Housing For Seniors
(14.138) Mortgage Insurance – Rental Housing for the Elderly
http://www.hud.gov/offices/hsg/hsgmulti.cfm

Money To Develop Rental Housing In Urban Areas
(14.139) Mortgage Insurance – Rental Housing in Urban Renewal Areas
http://www.hud.gov/offices/hsg/hsgmulti.cfm

$60,000 For Renters, Homeowners Or Investors To Improve Their Property
(14.142) Property Improvement Loan Insurance for Improving All Existing Structures and Buildings of New Nonresidential Structures
http://www.hud.gov/progdesc/title-i.cfm

$2,000,000 To Fix Up Multifamily Units
(14.151) Supplemental Loan Insurance – Multifamily Rental Housing
http://www.hud.gov/offices/hsg/hsgmulti.cfm

$4,000,000 To Build Or Fix Up Housing For Seniors
(14.157) Supportive Housing for the Elderly
http://www.hud.gov/offices/hsg/mfh/progdesc/eld202.cfm

$1,000,000 To Build Or Fix Up Housing For People With Disabilities
(14.181) Supportive Housing for Persons with Disabilities
http://www.hud.gov/offices/hsg/mfh/progdesc/disab811.cfm

Money To Build Or Renovate Single Room Occupancy Units
(14.184) Mortgage Insurance for Single Room Occupancy Projects
http://www.hud.gov/offices/hsg/hsgmulti.cfm

Money To Fix Up Apartment Buildings
(14.197) Multifamily Assisted Housing Reform and Affordability Act
http://www.hud.gov/offices/hsg/hsgmulti.cfm

Money To Build Rental Units In Small Towns
(10.438) Section 538 Rural Housing Guaranteed Loans
http://www.rurdev.usda.gov/

Lesko’s Seminar Covers How To Find Real Estate…..
…… .. programs at the federal, state and local government level as well as programs from non-profit organizations, http://www.lesko.com/semjune1

More Entrepreneur Money Programs……
…… .. for more money and help for becoming an entrepreneur in your state see http://www.lesko.com/fedfind1

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