U.S. Department of Housing and Urban Development Announces $52 million in Grants for Georgia

Things are looking good for Atlanta real estate. Last week, the U.S. Department of Housing and Urban Development announced that it will provide $52 million dollars in grants to Georgia in order to support community development and increase the supply of affordable housing.

Areas receiving grant money include the counties of Cherokee, DeKalb, Fulton and Gwinnett as well as Atlanta, Rome, Savannah and Augusta. Aside from community development and creating affordable housing, the grant money will also aid in support long-term disaster recovery and assisting the homeless.

Money for the grants comes from the Community Development Block Grant, HOME Investment Partnerships, Housing Opportunities for Persons with AIDS and Emergency Shelter Grants.

For more information, visit www.atlantarealestateforum.com.