2016 Housing Finance & Development Update #15

March 10, 2016

Housing Finance & Development

Email Updates

Notice of Funding Availability:
HOME Multifamily Rental

The Georgia Housing and Finance Authority (GHFA) hereby notifies interested Applicants of a Notice of Funding Availability (NOFA) for funds allocated from the Georgia HOME Investment Partnerships Program (HOME). Through the NOFA, GHFA intends to facilitate construction, rehabilitation, and acquisition/rehabilitation of affordable multifamily rental housing by providing gap financing at rates below those charged by commercial lending institutions. These GHFA HOME NOFA loans are to be leveraged with the Low Income Housing Tax Credits (Housing Credits) and Tax-Exempt Multifamily Housing Revenue Bonds. A copy of this NOFA and other related materials are available on the DCA website at http://www.dca.ga.gov/housing/HousingDevelopment/programs/HOMErental.asp

Program updates and Frequently Asked Questions will be posted to this site on a regular basis. All inquiries should be directed to home.nofa@dca.ga.gov until the close of this NOFA.

DCA anticipates that no less than twelve million dollars ($12,000,000) will be available under this NOFA, and DCA will not award more than three million dollars ($3,000,000) per Application. All housing developments must meet DCA's core policies and Threshold requirements including but not limited to HOME underwriting criteria which can be found in the 2016 QAP Core and Appendix I (Threshold) requirements.

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 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.