First American Bank & Trust is stepping up to make homeownership a reality for Clarke County residents, launching a new down payment assistance program that aims to empower local citizens without costing taxpayers a dime. During a recent government meeting, bank representatives highlighted their commitment to being good stewards of federal funding while facilitating access to affordable housing.

The initiative, which has garnered support from local leaders including Mayor and community advocate Hattie Whitehead, is designed to assist those who have lived in Clarke County for at least 12 months and meet specific income requirements. The program targets individuals earning 80% or less of the area median income (AMI), with recent adjustments allowing for eligibility up to 120% AMI in certain qualified census tracts. This expansion aims to reach a broader segment of the community, particularly descendants of Linnentown, a historically significant neighborhood in Athens.

Bank officials expressed enthusiasm about the collaborative effort, noting the importance of community engagement in shaping the program. A focus group was established to strategize marketing and outreach, ensuring that those in need are informed about the opportunities available to them. The initiative not only seeks to provide financial assistance but also fosters a sense of community by connecting residents with local advocates and resources.

As First American Bank & Trust continues to roll out this program, the potential impact on homeownership in Clarke County could be significant, paving the way for a more inclusive and supportive housing landscape. The bank's proactive approach underscores a commitment to enhancing the quality of life for residents while responsibly managing federal resources.