Rural Workforce Housing Initiative Construction Loan Fund
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Local governments and development authorities may now apply for the Rural Workforce Housing Initiative Construction Loan Fund provided by the Georgia Department of Community Affairs (DCA). The Fund provides construction loans of up to $1 million at 0% to develop new homes with a sale price of between $125,000-$290,000 for homebuyers. Funds are available to cover 40% of the development cost, with the remaining budget provided through other fund sources. Funds will be awarded to developments that can have the homes ready for sale within two years of the loan award date.
Program details can be found on the DCA website here.
