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Old Posted May 24, 2017, 6:42 PM
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Docta_Love Docta_Love is offline
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Join Date: May 2012
Location: Metropolitan Detroit
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Quote:
Originally Posted by dc_denizen View Post
thanks Docta for the response.

for new construction houses, it does seem that something like (federally?) subsidized construction loans/grants would be a win-win idea, maybe structured to guarantee some portion of the cost to build...maybe the lender could negotiate a stake in the equity if and when the value starts to rise.

otherwise renovations, given that they're usually a lot cheaper, sound like a better bet.
Yeah if i recall the program correctly there is a program that is a city - lender partnership going on now that gives a low interest long term loan for renovation projects but they only had something like 24 takers so far idk the ins & outs of it but it may that the words haven't reached the right ears yet, maybe after the NPR program about it aired there has been increased interest.
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