In a significant stride toward making homeownership a reality for low- to moderate-income residents, the Garrett County Community Action Committee has been awarded a substantial $220,000 grant through the Community Development Block Grant (CDBG) program. Administered by the Maryland Department of Housing and Community Development (DHCD), this federal grant is set to empower first-time homebuyers by providing crucial financial assistance for down payments and closing costs.
The grant funds are poised to amplify the Garrett County Community Action Committee’s mission to foster homeownership opportunities. Over the years, the committee has made commendable strides, helping more than 500 individuals and families achieve their dreams of homeownership. Their initiatives, including the Garrett County Pathway to Homeownership Program and the Homeownership Education & Finance Program, have been instrumental in providing prospective homeowners with essential knowledge regarding financial, legal, and other aspects of the homebuying process.
One of the most significant barriers that low- and moderate-income first-time buyers face is the daunting down payment required to purchase a home. Paul Edwards, Chairman of the Board of Garrett County Commissioners, expressed, “The Department award directly contributes to Garrett County’s goal that all County residents will be able to live in comfortable, safe, and affordable housing by assisting first-time homebuyers with the down payment assistance required to purchase a home.”
Katherine Shadel, the Asset Development Director at the Garrett County Community Action Committee, added, “Between the county’s Pathway to Home Ownership project and the CDBG award, over 70 households will be able to purchase a home in Garrett County.” This grant is not just financial assistance; it’s the key to unlocking the doors of homeownership for many families.
The $220,000 grant awarded to the Garrett County Community Action Committee through the CDBG program is a testament to the power of community development and collaborative efforts to make homeownership a reality for deserving individuals and families. It reflects Maryland’s commitment to creating safe, affordable, and vibrant communities that empower residents to achieve their dreams. This grant is more than just financial assistance; it’s a beacon of hope and opportunity for those striving to secure a place they can proudly call home.
For a full list of awards, please visit https://dhcd.maryland.gov/Documents/PressReleases/SFY24-CDBG-Awards.pdf.
