Earlier today Mayor Rowland held a joint press conference with the Tennessee Housing Development Agency (THDA) announcing a new grant program offered for Cleveland Residents.
Mr. Jerome Hedit with THDA discussed the program parameters and target areas for THDA's Great Choice Home Loan program. This program offers $15,000 for down payment assistance for residents purchasing homes in the 37311 or 37323 zip codes in Cleveland. This program is constructed to help protect families currently living in target areas from blight, foreclosure and risk of falling property values.
"It is a blessing to increase home-ownership and improve the property valued of a distressed neighborhoods," Rowland said. "Eve our lower income citizens will have the opportunity to take a step towards home ownership. Something some only dream of is home ownership and now it can become a reality to many in Cleveland. I appreciate the THDA's efforts in making this possible.