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MACH |
Mentoring, Academics, Computers & Healthy Recreation! | |||||
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FAMILY HOUSING MACH Academy’s purpose in participating in Family Housing and Neighborhood Stabilization Programs is to support homeownership for low and moderate-income families and to assist low and moderate income families with purchasing, rehabilitating and refinancing of their homes. Additionally, we want to provide employment opportunities and attract national business chains to our area. CERTIFICATION The Georgia Department of Community Affairs certified MACH Academy, Inc. as a Community Housing Development Organization (CHDO) efffective January 2010. MACH Academy is eligible to apply for State of Georgia HOME funds set aside specifically for CHDO's under the states FFY2010 HOME program. Please refer to our certificate. The HUD Atlanta Homeownership Center approved MACH Academy, Inc. as a nonprofit agency to purchase HUD foreclosed properties at a discount. HUD's approval became effective June 2008. Please refer to our approval certificate. HOMEOWNER BENEFITS: Low and moderate-income persons will benefit from our program because we will be providing decent affordable housing which will have financial and social benefits in our community. Additionally, we will improve their living environments by creating economic opportunities. This will be accomplished by identifying potential investors who have a stated interest in our identified areas. They will also benefit by having a community that has a unified spirit with enhanced entertainment and recreational activities. MACH Academy, Inc. is acutely aware of the importance of wealth and income in the transition to home ownership. We understand that both household income and wealth have a significant importance to the transition to homeownership. Additionally, a lot of lenders require higher down payments to minorities to mitigate their credit risk. We plan to educate and counsel our potential clientele about improving their credit and educating them not to have an aversion to debt, but be responsible. MACH Development Projects
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