The City of Meridian is an annual recipient of Community Development Block Grant (CDBG) funds. The goal of the CDBG program is to “develop viable urban communities by providing decent housing and a suitable living environment.” To that end, the City of Meridian is teaming with Boise City/Ada County Housing Authority (BCACHA) to help eligible buyers purchase homes.
BCACHA’s mission is to “Enhance [the] community by providing safe and affordable housing and fostering self sufficiency and stability for people in need.” BCACHA engages in many programs and activities to provide housing options for low and moderate income residents in Ada County.
Here in Meridian, BCACHA receives CDBG funding from the City to provide down payment and closing cost assistance for homebuyers identified through the Housing Choice Voucher Program. In addition to identifying potential buyers and assisting them through the process, BCACHA provides a wealth of resources and critical expertise to help eligible residents in Meridian buy their own homes. This program provides the necessary front-end assistance that allows these eager, capable, and deserving families to achieve homeownership.
By bringing together resources at the federal, regional/county, and local levels of government, this partnership has already helped two families purchase homes in Meridian. Another family hopes to close on a home in the next few weeks. The City plans to provide additional CDBG funding to BCACHA for homebuyer assistance next year. This partnership is off to a truly encouraging start, with several successes already realized. The City looks forward to continuing and building upon this important program to the benefit of our community in the future.
For more information on the federal CDBG program, please visit:
http://www.hud.gov/offices/cpd/communitydevelopment/programs/entitlement/index.cfm
For information on the CDBG program in Meridian, please visit:
http://www.meridiancity.org/planning.aspx?id=244