Georgia Dream Single Family Development Program
This initiative is designed to assist local communities throughout Georgia to expand the supply of affordable single family housing and to increase homeownership opportunities for low to moderate income individuals. Prospective applicants may develop new housing in subdivision style settings, rehabilitate vacant and dilapidated housing in established neighborhoods or construct new housing on vacant lots in inner city communities.
Under the SFY2011 Georgia Dream Single Family Development Program, nonprofit and for-profit housing developers and/or local public housing authorities may apply for up to $176,000 in financing to assist with the construction and sale of single family housing. These resources are offered as gap financing in the form of a Home Buyer Subsidy and/or a Development Subsidy. Applicants are required to obtain construction term financing from another lending source.
A hard copy of the Georgia Dream Single Family Development Program manual is available at the cost of $35. Make check payable to the Georgia Housing Finance Authority and mail it to: Ms. Kawanna Greenleaf, 60 Executive Park South, NE., Atlanta, GA 30329.
Information for the Georgia Dream Single Family Development Program is updated periodically.
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Georgia Dream Single Family Development Program Application
All questions regarding the Georgia Dream Single Family Development program should be submitted in writing or by email to: Non-profit Housing
Georgia Department of Community Affairs
Phone: (404) 679-0680
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