Howdy New Kid:
Rental rehab grants in the mid 90's were a great thing. I received almost $200,000 on 12 different properties to help buy and rehab houses and duplexes here in Austin, Texas. It was a 10 year conditional grant that was forgiven 10% per year provided the property was maintained and rented to low income tenants etc. The program was cut back to non-profits only and it had to be at least 4 units involved at a time. They were trying to cut the overhead too. I am not sure of the status now but it was funded with Hud money thru the local City Housing office. As far as I know there is no money available or on a very limited basis. You may check with HUD or your local housing dept. Let us know what you find.
Good luck and thank you,
Ted P. Stokely Jr
