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- Community HOME Investment ProgramThe Community HOME Investment Program (CHIP) is a federally-funded program in Georgia that aims to provide safe, decent, and affordable housing. It grants funds to rehabilitate owner-occupied homes and build or renovate affordable single-family homes for eligible homebuyers1. The CHIP Program offers a non-recourse loan, ensuring that repayment will never exceed the fair market value of the home2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The Community HOME Investment Program (CHIP) is a federally- funded program designed to provide safe, decent, and affordable housing in Georgia by granting funds to city and county governments, public housing authorities, and nonprofits to 1.) rehabilitate owner-occupied homes, and 2.) build and renovate affordable single-family homes for sale to eligible homebuyers.www.dca.ga.gov/safe-affordable-housing/rental-ho…The CHIP Program is a non-recourse loan which means that at the time of repayment, you (or your estate) will never owe more than the fair market value of your home – as long as you have maintained your property taxes and insurance. It is your choice how you receive the funds from the CHIP Plan.www.marisanguyen.com/blogs/chip-advisor-mortga…
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