Georgia Awards $5.1 Million in Community Home Investment Program (CHIP) Funds
The Georgia Department of Community Affairs (DCA) has awarded $5.1 million in grant funds to 13 local communities around the state through the DCA 2020 Community HOME Investment Program (CHIP). The CHIP funds are part of an annual allocation of HOME Investment Program (HOME) funds received from the US Department of Housing and Urban Development (HUD).
These funds assist the efforts of local governments, nonprofit organizations, and public housing authorities with providing safe and affordable housing within Georgia communities. In addition to HOME funds, the selected communities will contribute more than $1.6 million in matching funds to the grant awards.
The CHIP awards provide up to $300,000 for owner-occupied rehabilitation of unsafe or substandard homes and $600,000 for new construction of single-family homes for low- to moderate-income eligible homebuyers.
DCA Commissioner Christopher Nunn said, “This funding will play a role in enhancing these areas and improving the quality of life for Georgians.”