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Rome, GA

Governor announces homebuyer grant for Floyd County

08/14/08
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From the Office of the Governor

Gov. Sonny Perdue announced today that Georgia had been awarded nearly $36 million in federal grants from the U. S. Department of Housing and Urban Development (HUD) for the state’s Community Development Block Grant Program and Community HOME Investment Program (CHIP).

Floyd County will get $300,000 in CHIP funds to use for downpayment assistance to low- and moderate-income first-time home buyers.

Nearly $31.7 million allocated for CDBG awards will be used to support projects in 64 Georgia communities.

Projects include water and sewer improvements, senior citizen facilities, programs for at-risk children, programs for mentally and physically challenged residents and replacement or rehabilitation of sub-standard and dilapidated housing.

Perdue also announced that Georgia was awarded nearly $4 million in Community HOME Investment Program funds.

CHIP funds will assist 10 Georgia communities increase the supply of safe and affordable housing for low- and moderate income persons. These funds will also assist five Georgia communities fund housing-related projects in revitalization areas.

“CHIP funds remain an essential resource for those communities that seek to increase available units and improve the standard of living for their fellow Georgians,” said Perdue.


 
 

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