Georgia Investments in Housing Eligible Use of Funds

Eligible Use of Funds: 

• Real property acquisition (Housing Trust Fund) 
• Site improvements and development hard costs (Housing Trust Fund)
• Reasonable administrative and planning costs (Housing Trust Fund)
• Housing rehabilitation; (HOME Investment Partnership)
• New construction of housing (HOME Investment Partnership) 
  • [Preference will be given to applications regarding conversion or improvements due to ARPA deadline]

Low or moderate-income households and communities are those with (i) income at or below 300 percent of the Federal Poverty Guidelines for the size of the household based on the most recently published poverty guidelines by the Department of Health and Human Services (HHS) or (ii) income at or below 65 percent of the Area Median area median income for the county and size of household based on the most recently published data by the Department of Housing and Urban Development (HUD).

Note that the HOME and Housing Trust Fund programs use different income limits than the definition of low- and moderate-income adopted by Treasury. • “Treasury's Eligible Income Levels Outlined in Final Rule: Low or moderate-income households and communities are those with (i) income at or below 300 percent of the Federal Poverty Guidelines for the size of the household based on the most recently published poverty guidelines by the Department of Health and Human Services (HHS) or (ii) income at or below 65 percent of the Area Median Income for the county and size of household based on the most recently published data by the Department of Housing and Urban Development (HUD).”