Gov. Cooper last week released his plan for American Rescue Plan dollars, focusing primarily on the $5.7 billion in federal funds that will be available to North Carolina to shift from relief and response to rebuilding and recovery. There’s a lot of merit to the governor’s proposal, but the long-term impact will hinge on how these investments are made and whether the legislature gets serious about meeting the needs that cannot be addressed with federal money alone.
The dollars coming to North Carolina were an essential part of the American Rescue Plan, a transformational piece of federal legislation signed into law on March 11, 2021, that will reduce child poverty nationwide by half. The allocation of federal funds for states and local governments, in particular, addresses the critical role that state and local leaders and public institutions must play in addressing systemic failures and responding to the greatest need.
Gov. Cooper last week released his plan for American Rescue Plan dollars, focusing primarily on the $5.7 billion in federal funds that will be available to North Carolina to shift from relief and response to rebuilding and recovery. There’s a lot of merit to the governor’s proposal, but the long-term impact will hinge on how these investments are made and whether the legislature gets serious about meeting the needs that cannot be addressed with federal money alone.
The dollars coming to North Carolina were an essential part of the American Rescue Plan, a transformational piece of federal legislation signed into law on March 11, 2021, that will reduce child poverty nationwide by half. The allocation of federal funds for states and local governments, in particular, addresses the critical role that state and local leaders and public institutions must play in addressing systemic failures and responding to the greatest need.
Sentinel Staff
HOLLAND An expanded homeownership program now offered in Michigan to aid homebuyers with their initial down payment is available in Holland.
The Michigan State Housing Development Authority (MSHDA) announced in late February the expansion of its homeownership program by offering residents in select ZIP codes up to $10,000 in down payment assistance.
The assistance called a DPA Loan is available to residents in 49010, 49078, 49417, 49423, 49424, 49428 and 49464 in Ottawa and Allegan counties.
The loan is offered as a second mortgage for a maximum amount of $10,000 toward a down payment and closing costs. The program is a 0 percent, non-amortizing loan meaning the principal amount is due in full upon sale or transfer of the property, rather than monthly payments.