Property Investors for HUD Sect. 8

$325,000 goal

Campaign created 11 months ago
Our goal is to provide rental housing for those folks who are down on their luck and need a clean and safe place to live.

We are in the process of purchasing rental properties for use by H.U.D., Section 8 and subsidized housing applicants in rural Illinois and the far Chicago suburbs. There is a growing need for subsidized rental units, since many investors shy away from this type of rental arrangement.

Many of the homes and multi-unit properties are in distress and need significant repairs and updates. Therein, lies one of the problems. Since rental income is regulated by the state of Illinois, quite often it is difficult to collect enough rent to cover the necessary updates to the property. Our goal for multi-unit properties is to renovate vacant units and bring them up to code, one at a time. For single family homes, we need funding to renovate the entire house before occupancy to ensure a safe environment. We also want to help alleviate some of the eyesores that contribute to neighborhood blight.

A few properties have entered the market that are already designated for subsidized housing. While we have enough for a down payment for a 10 unit complex, we won't have enough to do renovations in the short term, unless we have some assistance from the public. Your generosity would surely help us significantly.

We understand subsidized housing is not the best way to earn money in the real estate market, but we aren't as interested in making huge amounts of money as we are in helping those families who found themselves in dire situations. Of course, we are investing to make money. But, we realize that it won't happen for quite some time and want to provide a philanthropic service in the meantime.

Please, consider donating to our project. You'll not only be helping us, but you will be helping families in need of clean, safe and decent housing. 

Thank you!
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Here are a few recent properties that have been listed.
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$325,000 goal

Campaign created 11 months ago
Created March 7, 2017
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