Two grants have been made available for residents, or would-be residents, of the town of Marion.
The basic grant is called the American Dream Down Payment Initiative. It is for low income first time home buyers.
Marion alderman Norman Coleman made the disclosure at the monthly meeting of the Council of Governments.
"We received a $250,000 grant and this will allow residents or people who would like to come into the town of Marion to receive up to $15,000 toward building a home in Marion or purchasing a home already built in Marion," Coleman said.
A second grant complements the first.
"In addition to that, if a person is renting in Marion, they can get an additional $10,000 from this other grant to add to that $15,000 for a total of $25,000 toward their home purchase. We're real excited about that," said Coleman.
The initial grant was arranged by the East Mississippi Central Planning and Development District in Newton, Miss. Coleman said he believes it will have a major influence on Marion's future.
"It will help, first of all, with the tax base for a homeowner but more importantly than that, it will give a sense of pride to have a permanent home, decent living conditions," said Coleman. "It will also help industry, business people who want to locate in the town of Marion because it will enhance the appearance of the town."
Further information on qualifying requirements and how to make application for it should be made will be available soon, according to Mayor Elvis Hudson.
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