2016 Housing Finance & Development Update #13
March 7, 2016
Housing Finance & Development
Email Updates
Website Posting

The following document(s) have been added to DCA's QAP Documents 2016 web page:
  • General Q&A Posting 1
GA TCAP Revolving Loan Fund RFQ

DCA is issuing a Request for Qualifications (RFQ) to implement the Georgia TCAP Revolving Loan Fund (the Fund) pilot program. This RFQ will first qualify Community Development Financial Institutions (CDFIs) to be considered for the program. The RFQ will also select specific partners to help develop and undertake the Fund. Ultimately, the Fund will provide investments for the construction, rehabilitation, development and financing of affordable housing developments (single-family, multifamily, home-ownership or rental).
 
DCA currently has approximately $8 million of TCAP program income available to undertake the Revolving Loan Fund pilot program, with portions of funds set aside for both urban and rural communities. DCA intends to deploy at least 35% of these funds in rural areas. DCA seeks to make these funds available to qualified CDFIs to lend externally (no recapitalization of internal funds) through the fund. All proposed uses of the Fund's monies must work within DCA's guiding priorities outlined in the TCAP Statement of Values (available at the link below). While DCA will work with the selected CDFIs to develop the specific focus and structure of the Fund, the funds must ensure housing affordability for a minimum period of 15 years for households at or below 80 percent of area median income (AMI). Additional information regarding the purpose and goals for DCA TCAP funds and the RFQ are available at http://www.dca.ga.gov/housing/HousingDevelopment/programs/gatcap.asp.

2016 QAP Questions & Answers
    
DCA is accepting questions pertaining to the 2016 Qualified Allocation Plan.  You can find the 2016 Round Q&A Form on the Qualified Allocation Plan Documents 2016 web page.  Please send the completed form to hfdround@dca.ga.gov

All answers to general questions will be posted on the DCA website.  All answers to project specific questions will be sent to the email address listed on the Q&A form. 

The last day to submit questions is Friday, May 13, 2016. 

Upcoming Events and Deadlines

March 9, 2016

CHDO Workshop (FULL)

March 15, 2016
811 Property Manager/Owner Information Sessions (BOTH SESSIONS FULL) 

March 17, 2016
Pre-Application Deadline

May 13, 2016
Q&A Submission Deadline

June 9, 2016
9% Application Deadline 
 
 
The Georgia Department of Community Affairs is committed to providing all persons with equal access to its services, programs, activities, education and employment regardless of race, color, national origin, religion, sex, familial status, or disability.
  
For reasonable accommodations or alternate format information please contact Sandy Wyckoff at 404-679-0670 or email sandy.wyckoff@dca.ga.gov.
 
 
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Quick Links 
HUD 
 
Georgia Department of Community Affairs
Housing Finance and Development Division
60 Executive Park South, NE
Atlanta, GA 30329
404-679-4840