Community HOME Investment Program (CHIP)
The Community HOME Investment Program (CHIP) uses a portion of DCA's HOME funds to assist local governments, nonprofit organizations and public housing authorities to address the needs of affordable housing development in their communities. CHIP funds may be used to provide down payment assistance or homeowner rehabilitation funding to eligible low-income and moderate-income households. Eligible communities are those outside of a HUD-designated Participating Jurisdiction as defined by the HOME Program.
Annually, DCA releases a Notice of Funding Availability and Program Description for the Applicant's Workshop to ensure the criteria are communicated on how funding is scored and ranked before funds are awarded to projects.
ELIGIBLE LOCAL GOVERNMENT APPLICANTS
Eligible CHIP applicants include local governments that have not been designated by HUD as a Participating Jurisdiction (PJ) for the HOME program.
ELIGIBLE NON-PROFIT AND PUBLIC HOUSING AUTHORITIES
Organizations designated with a 501(c)(3) or 501(c)(4) status or Local Public Housing Authorities which meet CHIP experience threshold requirements.
CHIP funds may be used to assist existing low income homeowners by providing rehabilitation assistance to their homes.
DOWN PAYMENT ASSISTANCE
CHIP funds may be used to assist low and moderate income households to finance eligible affordable homes by providing funds for down payment, closing cost, pre-paid items, and principal reduction assistance.
REACH US HERE:
CHIP Program Manager, Office of Bond Finance and Housing Initiatives
Cassandra V. Knight
Director, Office of Bond Finance and Housing Initiatives
The Georgia Department of Community Affairs is committed to providing all persons with equal access to its services, activities, education and employment regardless of race, color, national origin, religion, sex, familial status, disability, or age. For a reasonable accommodation, please contact (404) 679-4840 or at firstname.lastname@example.org.
To learn more about DCA's CHIP Program, please contact CHIP
Georgia Department of Community Affairs
60 Executive Park South, N.E.
Atlanta, Georgia 30329-2231