Multifamily HOME Loan Program ? City of Atlanta

Sponsor Eligibility Agency must have had 501(c)(3) non-profit status at least 2 full years or have 2 full years of operating experience under another non-profit entity that meets this criteria.

A minimum of 15% of HOME funding must be set aside for capital projects carried out by Community Housing Development Corporations (CHDOs).

Types of Projects Funded New Construction or Rehabilitation.

Multi-unit projects (e.g. 3 or more units) located within the City of Atlanta?s designated Community Development Impact Area.

Affordability Requirements At or below 60% AMI. For projects larger than 3 units, 20% must be occupied by families at or below 50% AMI.

20 years for new rental construction.

5-15 years for rehabilitation of existing units; affordability period based on HOME investment per unit.

Funds Available Per Project All HOME funds must be matched by at least 12% non-federal resources.
Primary Contact Theresa Hill
HOME Program Manager
Office of Housing
City of Atlanta
68 Mitchell Street SW, Suite 1200
Atlanta Georgia
30303-0310 404-330-6390
[email protected]
Link Click for more information.