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Old 10-20-2009, 10:37 AM
 
Location: Marietta, GA
7,887 posts, read 17,185,835 times
Reputation: 3706

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"DeKalb CEO Burrell Ellis announced a new program Monday that will use federal stimulus funds to help county personnel buy foreclosed homes in DeKalb.

The program has earmarked $1.5 million for police officers and another $1 million for firefighters, sheriff's deputies and other sworn "first responders." It will provide a subsidy of $14,150 for those who stay in a home at least five years and $25,000 for those who remain a decade. It aims to stabilize neighborhoods dragged down by foreclosures while also assisting with the recruitment and retention of officers."


DeKalb police to get subsidy to buy homes *| ajc.com

Actually, a pretty innovative use of the funds that kills two birds with one stone. Hats off to the Dekalb CEO for thinking out of the box.
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Old 10-20-2009, 10:43 AM
 
199 posts, read 627,516 times
Reputation: 69
sounds like a great idea to me!! those guys/gals put their lives on the line for us every day!!
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Old 11-04-2009, 08:55 AM
 
9 posts, read 57,236 times
Reputation: 14
There is already a Federal program in effect. It's been around for several years.
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Old 11-04-2009, 10:46 AM
 
45 posts, read 143,382 times
Reputation: 33
Yes the other program is the good neighbor next door program. It's a HUD program and is available to teachers of K-12 also.
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