The City established long-term bond funding, securing $38.5 million in public investment through a 50-year hotel fee. The bonds provide ~$750,000 annually for land planning, acquisition, and gap-financing. The City’s investment is supplemented with HUD program funding with the objective of leveraging each public dollar with three private investment dollars. To encourage private investment, the City offers:

  • Home buyers – gap financing, closing costs, and down payment assistance through interest-free loans
  • Pre-qualified developers – construction interest assistance, land write-down, project-based assistance.  Existing homeowners – blight reduction/elimination assistance
  • Small residential investors – low-interest loans
  • Commercial property owners – façade program

For more information about single family residential financing opportunities, contact Carla Delaney at 706-821-1797 or email.

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