By: Wayne Faulkner
March 25, 2010
Columbus County is one of two North Carolina counties awarded Community Development Block Grants to provide down-payment assistance and financial literacy training for first-time homebuyers, N.C. Commerce Secretary Keith Crisco announced.
Under the program, qualifying families or individuals who are residents of Columbus County deposit $1,000 in a savings account over three years, and that money will be matched by the block grants, and by three banks - Waccamaw Bank, RBC and BB&T - that are contributing $50,000 to the effort.
CDBG funding is allocated to the state from the U.S. Department of Housing and Urban Development for community improvements in low- to moderate-income areas.
The Commerce Department's Division of Community Assistance administers the program.
Catawba County will receive $70,000.