First Time Homebuyer Programs in Georgia

by: Michael Saunders

In July 1996, the Governor and General Assembly made a vital decision to join together the Georgia Housing and Finance Authority (GHFA) with the Department of Community Affairs.

Today, the agency is acting together as one and is called the Georgia Department of Community Affairs.

At present, the Georgia Department of Community Affairs, also known as DCA, is operating a host of state and federal grant programs while serving as the state's leading agency in housing finance and development.

In addition, the DCA also functions as the agency that promulgates building codes, does comprehensive planning, technical and research assistance to local governments, and finally, serves as the premiere agency for Georgia's solid waste reduction efforts.

Among all of the first time homebuyer programs of the DCA, some of the most notable are the following:

a) Community HOME Investment Program (CHIP) - This program revolves around the primary idea of using a portion of DCA's HOME funds to assist local governments, nonprofit organizations and public housing authorities in the process of addressing the needs of affordable housing development in their communities.

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First Time Homebuyer Programs in Georgia
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About The Author Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. He also maintains Websites providing resources on environmental grants and grants for youth programs.

Additional Resources

category - Home Buying Programs

Downpayment Assistance Program for the First Time Home Buyers in North Carolina
In an attempt to contribute to the eradication of this problem, the North Carolina HFA has established the Downpayment Assistance Program for the First Time Home Buyers wherein they provide interest-free, deferred second mortgages up to $8,000 to cover the downpayment and closing costs of a chosen property.

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First Time Homebuyer Programs in Arkansas
The Arkansas Development Finance Authority was primarily created to develop safe, decent and affordable housing for low and moderate income Arkansans. The authority's primary goal is to administer funding in the form of tax exempt bonds and other debt instruments through several programs which are divided into three main categories: Economic Development, Homeownership, and Affordable Rental Housing.

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Keystone Government Loan Program for Homebuyers in Pennsylvania
The Pennsylvania Housing Finance Agency has been running the Keystone Government Loan Program in which it intends to provide first mortgage financing on loans that are insured by the Federal Housing Administration, the Rural Development, and the Department of the Veterans' Affairs.

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Department of Housing and Urban Development's Dollar Homes Program
The Dollar Homes Program revolves around the process of selling single family homes for a superbly reasonable price of $1 (plus closing cost) to low-to-moderate income families, granted that these houses have been acquired through foreclosure by the Federal Housing Administration, and have already been actively marketed for at least six months and still remained unsold after that certain period of time.

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