The Drake House in Roswell, an affordable housing nonprofit, will receive $27,700 in federal funds to renovate eight units in its Drake Village apartment complex. THE DRAKE HOUSE

Roswell accepts $120K affordable housing grant

The Roswell City Council has approved accepting a $120,477.45 federal housing grant and allocating it to two, eligible non profits for the rehabilitation of apartments and acquiring an affordable housing property.

The Drake House is to receive $27,700 to renovate eight units in its Drake Village apartment complex, and the HomeStretch Housing Initiative of North Fulton, $80,729.71 to acquire a house on Millbrook Circle and to help pay for its annual audit, out of the Revised 2018 Home Investment Partnership Program (HOME) of the U.S. Department of Housing and Urban Development.

The balance of the grant, $6,023.87 apiece, would go to Roswell and to Cobb County to cover program administration costs. No matching funds are required of Roswell.

The HOME program, according to a HUD website, provides grants that communities, often with nonprofits, can use for “building, buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance to low-income people.” Information: https://bit.ly/2odvvJv

Support real journalism. Support local journalism. Subscribe to The Atlanta Journal-Constitution today. See offers.

Your subscription to the Atlanta Journal-Constitution funds in-depth reporting and investigations that keep you informed. Thank you for supporting real journalism.

X