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
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