1. Page 1 2008 Housing and Redevelopment Workshop Community HOME Investment Program Created by the National Affordable Housing Act Provide decent, affordable housing Expand capacity of non-profit housing organizations Strengthen ability of states and local governments to provide housing Leverage private sector participation

2. Page 2 2008 Housing and Redevelopment Workshop How Georgia Gets HOME (CHIP) Funds HOME funds allocated by formula to States from HUD DCA uses part of its allocation for CHIP Usually $3 - $6 million/year

3. Page 3 2008 Housing and Redevelopment Workshop Who is Eligible to Apply to Apply Local Governments NOT designated by HUD as a Participating Jurisdiction under the HOME program

4. Page 4 2008 Housing and Redevelopment Workshop All Communities Eligible Except Albany, Atlanta, Macon, Savannah, Roswell, Marietta, Athens/Clarke County, Augusta/Richmond County, Columbus Consolidated, Clayton, Cobb, Dekalb, Fulton, and Gwinnett Counties

5. Page 5 2008 Housing and Redevelopment Workshop Who are the Beneficiaries Must be low income as defined by HUD Households earning less than 80 percent of area median by household size Must own and occupy property as their principal residence for required affordability period

6. Page 6 2008 Housing and Redevelopment Workshop CHIP Eligible Activities Homeowner Rehabilitation Homebuyer Activities Rental Housing

7. Page 7 2008 Housing and Redevelopment Workshop Homeowner Rehabilitation Assist low-income families with rehabilitation of their home Can acquire and rehabilitate Can refinance existing debt secured by real property with rehabilitation if more affordable

8. Page 8 2008 Housing and Redevelopment Workshop Homebuyer Activities Down Payment/Closing Costs Acquisition and Rehabilitation New Construction Lease Purchase

9. Page 9 2008 Housing and Redevelopment Workshop Down Payment/Closing Cost Best used in areas with adequate supply of affordable homes in standard condition CHIP can assist in making housing affordable to low income

10. Page 10 2008 Housing and Redevelopment Workshop Acquisition and Rehabilitation Best used in areas with “insufficient” standard housing Acquire and rehabilitate substandard for sale to low income

11. Page 11 2008 Housing and Redevelopment Workshop New Construction Best used in areas with “insufficient” supply of appropriate housing Construct new affordable homes

12. Page 12 2008 Housing and Redevelopment Workshop Lease Purchase Assist households at lower end of income range Accumulate down payment Build homeownership skills Ownership must be conveyed within 36 months of agreement or 42 months after project complete

13. Page 13 2008 Housing and Redevelopment Workshop Rental Acquire New Construction Rehabilitation Follow HOME rent and occupancy requirements

14. Page 14 2008 Housing and Redevelopment Workshop Let’s Recap CHIP is funded through HUD HOME funds that are channeled to DCA CHIP must follow HOME regulations at 24 CFR Part 92

15. Page 15 2008 Housing and Redevelopment Workshop Let’s Recap Provide decent affordable housing to low income Expand capacity of non-profit providers Strengthen ability of states and local governments to provide housing Leverage private sector participation

16. Page 16 2008 Housing and Redevelopment Workshop Let’s Recap Partnerships should be forged with lenders, non-profit organizations, homeownership counseling agencies and other public and private partners

17. Page 17 2008 Housing and Redevelopment Workshop A Note on Partnerships DCA encourages the use of “Participating Lenders” in the Georgia Dream Homeownership Program Georgia Dream offers low entry fees, lower than market fixed interest rates, 30 year term, homebuyer education Please visit: www.dcaloans.com

18. Page 18 2008 Housing and Redevelopment Workshop Federal Fiscal Year 2008 Application Round Applications due to DCA by close of business usually in early April Remember, applicant is the eligible local government that has forged partnerships to deliver the housing

19. Page 19 2008 Housing and Redevelopment Workshop On-Line Applications We invite you to visit: http://www.communities/CDGB/Programs/ CDBGRegular.asp

20. Page 20 2008 Housing and Redevelopment Workshop See What CHIP Can Do For Your Community CHIP Communities and Partners Helping Provide Affordable Housing

21. Page 21 2008 Housing and Redevelopment Workshop CHIP Can: Warm the heart and soothe the soul!

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27. Page 27 2008 Housing and Redevelopment Workshop Warrick Dunn Foundation Partners with USDA and CHIP on Hall County Down Payment Program

28. Page 28 2008 Housing and Redevelopment Workshop Warrick Dunn Helps Single Moms with HOME for the Holidays Program

29. Page 29 2008 Housing and Redevelopment Workshop A Heartfelt Day for the Family

30. Page 30 2008 Housing and Redevelopment Workshop What Partnerships Can Accomplish

31. Page 31 2008 Housing and Redevelopment Workshop Please Meet Ms. White and Her Family in Waycross

32. Page 32 2008 Housing and Redevelopment Workshop A Final Congratulations to Ms. White and Her Daughter and Younger Sister

33. Page 33 2008 Housing and Redevelopment Workshop Hall County Holds CHIP Closing for Ms. Esperanza Casas

34. Page 34 2008 Housing and Redevelopment Workshop City of Statesboro Partnering with Habitat on New CHIP Home

35. Page 35 2008 Housing and Redevelopment Workshop Volunteers at Work with City of Statesboro Habitat Home

36. Page 36 2008 Housing and Redevelopment Workshop City of Statesboro CHIP Down Payment Assistance for the the Debra Lee Family

37. Page 37 2008 Housing and Redevelopment Workshop City of Valdosta Developed Fellowship Place subdivision Provided lots & 25% of construction costs 12 units built Subdivision built in cooperation with Habitat for Humanity and CHIP

38. Page 38 2008 Housing and Redevelopment Workshop City of Rome CHIP Open House

39. Page 39 2008 Housing and Redevelopment Workshop Valdosta, Habitat and DCA’s CHIP and CDGB Bring New Home to Gardner Family

40. Page 40 2008 Housing and Redevelopment Workshop Hall County Molina Family

41. Page 41 2008 Housing and Redevelopment Workshop Meet Maria Lopez and Family Hall County CHIP Down Payment

42. Page 42 2008 Housing and Redevelopment Workshop 9/11 Anniversary Home Built with Firefighters, Police and Rescue Personnel in City of Woodbine

43. Page 43 2008 Housing and Redevelopment Workshop Habitat Volunteer Firefighters, Police and Rescue Personnel Working on the McKnight Home

44. Page 44 2008 Housing and Redevelopment Workshop The 9/11 Anniversary Home in Woodbine Under Frame

45. Page 45 2008 Housing and Redevelopment Workshop First Anniversary of 9/11 Habitat Home in Woodbine with “Old Glory”

46. Page 46 2008 Housing and Redevelopment Workshop City of Cartersville/Housing Authority Staff Congratulate New Homebuyer Under CHIP Down Payment Program

47. Page 47 2008 Housing and Redevelopment Workshop City of Cartersville’s CHIP Program Partners with Housing Authority on Homebuyer Education for CHIP Recipients