DCA explains downpayment assistance and HomeSafe mortgage-reinstatement program
DCA described downpayment assistance ($5,000–$15,000) paired with Georgia Dream loans and HomeSafe Georgia, a reinstatement program that can cover up to $50,000 in past-due payments as a forgivable subordinate mortgage; agency staff said about $290 million has been spent helping roughly 14,000 homeowners.
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At the hearing Brenda McGee outlined two key assistance streams: downpayment assistance ranging from $5,000 to $15,000 and HomeSafe Georgia, a one-time reinstatement program for homeowners who have fallen behind on mortgage payments. "we do offer a downpayment assistance in the range from 5 thousand up to 15 thousand" McGee said, and she described HomeSafe as a reinstatement tool and a negative-equity assistance option.
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