Housing receives $7.3 million cushion
by Doug Walker
Mar 13, 2010 | 474 views | 2 2 comments | 9 9 recommendations | email to a friend | print
More than $7.3 million in federal stimulus funds has found its way into Floyd County for the housing sector.

The Northwest Georgia Housing Authority has received more than $4.3 million primarily for projects in Rome; though a small portion of funding will be used to upgrade some units in Rockmart.

Housing Authority Executive Director Sandra Hudson said that funds used to upgrade eight apartments on Avenue B in Rome, renovate

close to 100 units at Park Homes in North Rome and enhance a complex in Rockmart put paychecks into the hands of 107 construction workers.

Click here to see a housing stimulus chart.

A new “green” development on Division Street in West Rome will create jobs for construction crews later this summer.

Four privately managed low- to moderate-income apartment complexes received stimulus payments ranging from $322,168 for the Tamassee Lane complex in West Rome to $762,190 for the Callier Forest Apartments in East Rome.

Charles Williams Real Estate in Rome manages the Tamassee Lane complex. Charles Williams Jr. said the funds are used to help subsidize the rent for the low-income tenants. Williams said the apartments have been getting the same money since 1972.

“It fits somewhere in the federal budget; how they label is their business,” said Williams. It did not create any new jobs whatsoever.

Williams did say some stimulus money was used for the construction of the new Pine Ridge complex on Lyons Drive in West Rome, which was completed in June 2009.

That project definitely created jobs, and Williams estimated that 80 to 90 percent of the labor for that project came from local contractors.

Comments
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romenewshound
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March 14, 2010
....that our congressional representatives voted against.
romenewshound
|
March 14, 2010
....that our congressional representatives voted against.
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