My good friend Sean Carpenter shared this great bit of information with me about how there are funds available for Real Estate Investors.  I wanted to make sure that you saw it as well as remind you that Sean has agreed to do a call with me on Thursday October 22.  If you haven’t already registered for the call you can do so now HERE

A recent report from the Wall Street Journal indicates that companies receiving ARRA funds faced no competition in 20% of the applications.

The article actually goes on to list out companies that have seen little to no competition.  For those in the real estate business, it appears to be inconclusive.

Many of the ARRA funding for housing was an extension of the existing programs already in place like CDBG, Indian Housing, and Public Housing Capital Funds.  However, HUD comes out with a weekly report under transparency guidelines indicating the funds that have been committed. (A sample report is attached)  An interesting statement of the most recent report is that very little of the funding has hit the streets.  This renews opportunity for developers to get their hands on some funds.

Additionally, funding rounds are starting to pop up in each state and municipality as we start a new federal fiscal year (Oct. 1), for a number of programs including the HUD 202 Capital Grant program, CDBG, HOME, and LIHTC.  We are posting them here as fast as we get the information.

stefanie

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