Columbus County receives aid for homebuyers

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Star News
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.
Columbus will receive $50,000 and partner with Columbus County DREAM Center Inc. to establish Individual Development Accounts for 20 families.

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.

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This page contains a single entry by Ernest Roberts published on March 25, 2010 4:43 PM.

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