On February 11, 2010, The Department of Community Affairs announced several changes to some Georgia Dream programs.
Georgia Dream Rewards (Name changed from Georgia Dream Plus)
Increased income limitations:
1 or 2 persons $71,000
3 or more persons $82,000
Purchase price up to $250,000
1 or 2 persons $61,000
3 or more persons $70,000
Purchase price up to $200,000
Sales Price/Down Payment Assistance Amount Changes
$5,000 if sales price is $150,000 or less
$7,500 if sales price is greater than $150,000
Credit score requirement remains at 660+. Buyers may retain cash assets up to the greater of $20,000 or 20% of the purchase price.
Georgia Dream Recovery
New program name for assistance for twenty One (21) GA counties that have been designated as Federal Disaster Areas as a result of the 2009 floods.
The counties are Carroll, Catoosa, Chattooga, Cherokee, Cobb, Crawford, Dawson, DeKalb, Dooly, Douglas, Fulton, Gwinnett, Heard, Houston, Newton, Paulding, Peach, Rockdale, Stephens, Taylor & Walker.