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 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 home improvement grants and loans and children grant funding.

Additional Resources

category - Home Buying Programs

First Time Homebuyer Programs in California
The programs of CalHFA are constantly guided by its overall agency mission which is to "finance below market rate loans to create safe, decent and affordable rental housing and to assist first-time homebuyers in achieving the dream of homeownership."

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First Time Homebuyer Programs in New Hampshire
The State of New Hampshire gives great importance to the welfare and safety of its people. One of the ways of showing this is through the establishment of the New Hampshire Housing Finance Authority, which is specially designed to assist low to moderate income residents of New Hampshire in the process of procuring safe and affordable housing opportunities.

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Section 8 Housing Choice Voucher Homeownership Program
The Connecticut Housing Finance Agency has been administering the Section 8 Housing Choice Voucher Homeownership Program wherein they intend to offer home loans at reasonable, below-market rates to Section 8 tenants who wish to purchase a home of their own.

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California Housing Finance Agency
The California Housing Finance Agency, otherwise known as CalHFA, is an independent, self-supporting agency that was chartered to as the State's affordable housing bank to make low interest rate loans through the sale of tax-exempt bonds; with these bonds being repaid by revenues generated through mortgage loans, instead of taxpayer dollars.

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