low interest govt. loans - Posted by Laure

import · June 17, 2000, 9:10am

Posted by chris on June 18, 2000 at 10:58:04:

nt

import · June 17, 2000, 9:10am

Posted by Laure on June 17, 2000 at 09:10:02:

Any suggestions on where to look in my city for low interest rental improvement loans? Also, anyone know anything about low income tax credits?? I’ve been in the business for a long time and just didn’t want to “dick” with these… just lazy I guess. But think it’s high time I find out my alternatives.

Thanks,
Laure

import · June 17, 2000, 11:18am

Low-Income Housing Tax Credit - Posted by chris

Posted by chris on June 17, 2000 at 11:18:30:

Laure- It is a federal program handled by your state.

Contact Your State Housing Development Authority and ask for low-income housing tax credit application package. The State Housing Authority approves the tax credit allocations for the acquisition and rehabilitation or construction of low-income housing tax credit projects.

Illinois state contact info: http://www.ihda.org/lihtc.htm

Additional detail on the program:
http://www.fourmilab.ch/ustax/www/t26-A-1-A-IV-D-42.html

http://www.irs.gov/prod/bus_info/mssp/lihc-14.html

http://www.irs.gov/prod/bus_info/mssp/lihc-13.html

-Have fun,Chris

import · June 17, 2000, 10:23am

Re: low interest govt. loans - Posted by chris

Posted by chris on June 17, 2000 at 10:23:11:

The programs would be detailed in The Catalog Of Federal Domestic Assistance at http://www.cfda.gov/. It is searchable and viewable for free at that site and can be found at the reference section of your local library if you want to read a hard copy.

If you have any problems locating info, a free call to the government at 1-800-688-9889 or http://fic.info.gov/ will get you on track.

Most of these federal programs are administered locally by your city/county housing or community development departments. Give them a call for free information. They can be found in the government pages of your phone book.

One last place that comes to mind with a lot of free or low cost federal info is the Consumer Information Center at http://www.pueblo.gsa.gov/

-Good Luck,Chris

import · June 17, 2000, 8:28pm

Re: low interest govt. loans - Posted by Laure

Posted by Laure on June 17, 2000 at 20:28:44:

THANKS LOADS ! I found out that a new program was just announced Friday for new home buyers in my town!

Glad I asked !

Laure