5000000 to Build or Fix Up an Apartment Building
Called Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects and referred to as Program #14.155 in the Catalog of Federal Domestic Assistance, this program provides money for existing multifamily housing projects, whether conventionally financed or subject to federally insured mortgages at the time of application for mortgage insurance. Only projects not requiring substantial rehabilitation are acceptable under this section. The estimated cost of required repairs may not exceed 15 percent of the estimated value after repairs or $6,500 per unit adjusted by a high cost factor, whichever is greater and may not involve the replacement of more than one major system. The program has statutory per unit mortgage limits which vary according to the size of the unit, the type of structure, and the location of the project. There are also loan-to- value and debt service limitations. Prevailing wage requirements under the Davis-Bacon Act do not apply to this program. Contact your local office of the U.S. Department of Housing and Urban Development
Visit: www5.hud.gov:63001/po/i/netlocator/
We have Over 200 Programs Waiting For You!
What if you could access extra money for the things you need, without having to search endlessly to find it? What if you could find hundreds of programs quickly and easily, for less than a cup of coffee? Let us help you find access to programs that could change your current situation now. Whatever you need the money for, there are programs designed to help you now. We’ve been helping people for more than 30 years find and qualify for government funding. Hundreds Of Thousands Of Citizens Are Receiving Government Funding Now, Why Aren’t You? Find a program suited to your needs, and start helping yourself achieve the funding you desire!
- Purchase a new family vehicle
- Pay off your current credit cards
- Clear any past due bills
- Start a new business
- Finally purchase that new home
- Get funding for your non-profit
- Get training in a new career
- Go back to school
- And much more!
Find Funding For All These Life Expenses!
You’ll receive access to these amazing services just by registering today:
- 24/7 Email Access to answer ANY questions
- Top-secret interview videos with government officials
- The world’s most exclusive collection of Grants, Loans and other Free Services
- 1-on-1 training with Matthew Lesko
- Priority Notification of OVER 200 New Monthly Programs
- Access to a team of experts to prepare customized reports
- Assistance writing grants from trained Free Money Experts
- Unlimited access to Matthew Lesko and His Researchers
- – a dedicated team to help you find and utilize programs in your area
- Free assistance filling out ANY government application
Leave a Reply