The Vine City Renaissance Initiative is offering up to $10,000 in forgivable grants for residents looking to buy homes. For them, this additional financial aid in Georgia is a crucial support that will relieve the economic situation of thousands of Americans.
Who can benefit? Here we leave all the details.
According to Invest Atlanta, the money will cover the down payment and, if funds allow, closing costs as well. Borrowers must stay at home for at least five years to participate, after which the grant expires.
Participants must qualify for a three-decade fixed rate loan or a traditional home loan and take a home renovation training course.
Will you benefit from this?
Terraced houses with two to four residential units, new buildings, condominiums and detached single-family houses are eligible. Only homes in Vine City, Atlanta qualify for the incentive.
There is no price limit for the property to be included, but income limits are as follows: Single household, $94,500; two-person household, $108,080; household of three, $121,520; household of four $134,800; and household of five $145,880.
Montana residents also receive refunds
According to The Sun, Montana residents could receive up to $2,000 in property tax refunds. Payments will be funded from the $2.4 billion government surplus.
According to the governor, if approved, it would represent the largest state-administered tax refund in the country. In New Jersey, for example, the Affordable NJ Communities for Homeowners & Renters (ANCHOR) program offers up to $1,500 for more than 1.2 million residents.
Check applications can be submitted by phone, mail, or online, and the deadline for the program has been extended to February 28 this year. Finally, the tenants receive $450 in payments while the owners receive the full amount.