By David E. Williams Submitted On October 28, 2007
Government grants for real estate investing are a under utilized method for real estate investors to obtain funding for their ventures in real estate projects. Billions of dollars are distributed as grants to invest in real estate by governments at all levels, including state and federal.
Why is all this free money available for businesses and non-profits to put into real estate? Well, providing housing is a major function of the government and offering grants to invest in real estate is a way for them to outsource part of the job and spread the workload.
Which things can be funded through grants exactly, and can you obtain a grant for investing in real estate? There are certain programs to acquire properties, buy land, build houses, refurbishing and converting properties to dwellings, among all.
On top of the grants to invest in real estate there are also low-cost and forgivable loans available. A forgivable loan is a loan that essentially converts into a grant and need not be paid back. Many of these real estate grants and loans can be accessed for investing as long as they meet the requirements that the government sets down.
Some grants to invest in real estate are available to for-profit investors also but some are available only for non-profit organizations. But there are some ways for the smart investor to get into these offers of government grants and loans.
For example, if a grant is aimed at helping seniors through a non-profit, a savvy investor might approach them to partner on a project so that the investor offers the housing expertise and the non-profit can provide specific expertise about the needs of the seniors. They may also bundle in some of their regular non-profit services.
Many real estate investors wondering about funding options may have overlooked an option – government grant for investing in real estate. Thegovernment grants for real estate investing are available for buying land, building housing, rehabbing, converting properties for residential use etc. Other forms of available assistance for investing in real estate include low interest loans and forgivable loans. Forgivable loans often get converted to grants and therefore don’t need to be paid back. It is possible for the intelligent investor to find creative means to qualify for a number of government loans and grants to invest in real estate.
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