The Community Housing Impact and Preservation (CHIP) Program provides grant funding from the State to eligible communities interested in undertaking housing-related activities, including necessary infrastructure improvements. The grants are competitively and encourage a flexible, community-wide approach to improving and providing affordable housing for low- and moderate-income persons, and strengthening neighborhoods through community collaboration.
Last Spring, Mayor Edwards requested that the Wood County Commissioners include Bowling Green under the County’s CHIP application for Planning Year (PY) 2016. This request was approved, and as a result Bowling Green will now be served under Wood County’s latest round of CHIP funding.
Wood County was recently notified that $800,000 has been awarded for the PY 2016! This is great news for persons with low to moderate incomes needing to rehabilitate or purchase a home in Bowling Green.
Assistance provided in Bowling Green is in the form of a “Declining-Deferred Loan” for Private Rehabilitation (owner-occupied home rehabilitation), Down-payment Assistance and Down-payment Assistance/Rehabilitation. Eligible participants must sign a note and mortgage, with a lien being placed on the property.
Questions may be directed to Poggemeyer Design Group, CHIP Program Consultant, toll-free at 1-877-836-3206, or the Wood County Planning Commission at 419-354-9128.