Can the city loan me the funds to buy a rental house or vacant land?
No. Loan funds from the HOME program can be used only for renovations or new construction of rental housing.

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1. Can the city loan me the funds to buy a rental house or vacant land?
2. Is it ok if I already have a loan on the property when I apply for a city loan?
3. Can I do the work myself and be the general contractor?
4. Can I rent the unit(s) to relatives?
5. What if I don't have a very good credit report?
6. Can I utilize the loan program to fix-up a house and then sell?
7. What are the other HOME requirements?