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Cobb Commissioners Expected to Accept Funds for Home-Building, Down Payments for Low-Income Residents

Cobb Commissioners are expected to accept funds left over from a 1995-99 home investment act.

The will be meeting in the morning, and have a light agenda. They plan to take up several items including:

∗ The board will vote on changing the county code to clarify the difference between “for sale” condominiums and ones “for lease."

The move would suspend the use of the “urban condominium” zoning until at least July, giving staff time to review other options, County Community Development Director Rob Hosack told the Marietta Daily Journal.

There has been some concern about the time limit in which condominium builders are allowed to lease, instead of selling, units.

∗ The board is expected to vote to accept unspent money from the 1995-99 Home Investment Partnerships Act program originally given to Fulton County.

Fulton was a member of the Georgia Urban County Consortium and received the funds until 1999, when it withdrew from the group. After Fulton gave up several opportunities to spend the money, a balance of $895,067 was left to Cobb.

The money could go toward building new homes, accessing affordable rental unit programs and making down payments on homes for low-income residents in Cobb County.

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