Use Non-Profits to Maximize Your Access to Grants

April 26, 2008
By

I write a lot about government real estate grants and low-cost loans available to for-profit investors. There are programs available for acquiring properties, rehabbing properties, buying raw land, converting other use properties into residential use, building housing, and more.

However, one of the best and most underutilized ways to maximize your access to real estate grants and low-cost, even forgivable, loans is by tapping into the pool of money set aside for non-profit organizations.  Most government programs set aside a certain portion of funding just for non-profits, and almost all grants offered by foundations are reserved for non-profits.

Here’s an example of how it can work:

Perhaps you own some rent houses, but you’d like to move up to a higher level in the investing world.  You’d like to buy a big apartment complex.  You’ve identified the fact there is money available for a certain population, perhaps seniors.  Certainly you can apply under hundreds of existing programs.  But if you join forces with a non-profit agency in the community that already provides services to seniors, you automatically open the door to many additional millions of dollars for the project.

The non-profit agency may not currently be involved in housing.  But if it has clients who are seniors, and already provides services to them, the agency may well be interested in making affordable housing available to some of those clients and other seniors in the community.  So you can go to the Executive Director, and discuss the possibility of a partnership.  Together, you can access the funding available to for-profit developers, and all the government and foundation funding available to non-profits.

You would bring the project development and project management skills, and they would bring their expertise with seniors.  The apartment complex could then offer not just safe affordable housing, but also a range of services provided by the non-profit.  The ownership would be negotiable; perhaps you would own 60% and the non-profit 40%.

Yesterday I wrote about programs in the city of Indianapolis.  Many of its most successful projects have been the result of partnerships between non-profits and for-profit business, and between public agencies and for-profits.

The New American Land Rush: How to Buy Real Estate with Government Money consists of two manuals, two audio CDs, and eight data CDS.  It gives you the insider information on every single federal and state real estate grant and low-cost loan program, as well as what you need to qualify, and even contact information for the Program Managers.  Buy it today at:

www.NewAmericanLandRush.com

And to learn how to Create Your Own Non-Profit and Power Your Business with Free Money, visit:

www.GrantMeRich.com/classes.htm

2 Responses to Use Non-Profits to Maximize Your Access to Grants

  1. [...] Jillian Wheeler is a true recipe for delightful information. Use Non-Profits to Maximize Your Access to Grants is very interesting… Below is a summary: [...]

  2. [...] haianhhp wrote an interesting post today onHere’s a quick excerptThe New American Land Rush: How to Buy Real Estate with Government Money consists of two manuals, two audio CDs, and eight data CDS. It gives you the insider information on every single federal and state real estate grant and low-cost … [...]

Leave a Reply

Your email address will not be published. Required fields are marked *