Funding from the American Rescue Plan (ARPA) continues to roll out – $1.9 trillion is a lot of money. The state-directed portion of the funds totaled up to $195.3 billion split out between the 50 states and the District of Columbia. Final rules on the spending were issued by the U.S. Treasury in January this year, after the ARPA’s passage in March of 2021. Once the spending rules were in place, states could issue guidelines for applications for funding, then wait some time for applications to come in, process the applications, and now, a year and a half after passage, announce where the money is going.
This week, Gov. Brian Kemp announced the next round of funding for housing initiatives across the state that are fighting homelessness and housing insecurity, particularly that exacerbated by the economic consequences of Covid-19. Nearly $31 million will be dedicated to the 8 projects included in this round of announcements.
“When I first took office, I promised to make Georgia a state where all people can succeed, no matter their background,” said Kemp. “The pandemic showed the great level of resiliency and determination Georgians have, and the funds we’re awarding today will further help those still struggling in the aftermath of COVID-19 regain stability and housing security.”
The program has the straightforward name of Georgia Investments in Housing Grant. The eight projects receiving the funding in this round are across the state and include construction or renovation of affordable housing for elderly residents, as well as at-risk and low-income individuals; rental and housing units for special needs or disabled residents; and assistance for veterans experiencing homelessness. The program supports nonprofits that provide affordable housing and assist those experiencing homelessness. The maximum award amount available is $5 million.
The highest award in this round was $4.9 million for DreamKey Partners, a housing provider and lender based out of Charlotte but now also working in Georgia. The Quest Community Development Organization received $4.8 million. Based in Atlanta, the organization has helped more than 10,000 lower income residents since 2001. DASH for LaGrange received $4 million, the Atlanta Beltline Partnership received $3 million, the Westside Future Fund received $2 million
The first round of funding in the program consisted of more than $60 million for 20 projects.
“Those who were already homeless faced even greater difficulties, with many already struggling with mental health or substance abuse issues. By investing these funds in those who are already making a difference around our state on these fronts, we will provide those most in need with resources that will aid them on the road to personal and financial recovery,” said Kemp.
