2016 Housing Finance & Development Update #29
May 24, 2016
Housing Finance & Development
Email Updates
Core Application Scoring Tab Glitches Reported

Two glitches have been reported in the May 2016 Core Application.  Not all applicants are effected.  Action is only required by Applicants as described below.

Applicants wishing to claim points under either of the following Scoring sections may either download a corrected blank core app from the
webpage or email their existing core application to
for correction:
 

Section 8-B (Revitalization/Redevelopment Plans - Local Govt Adopted Revitalization Plan) in conjunction with the Part D Multiplier.  No need to revise if Multiplier points are not sought with Part B.
 
Section 17-A (Integrated Supportive Housing/Section 811 RA)
 

Corrections to emailed core applications will be made on a first-come, first-served basis and may take around twenty (20) minutes each once started.  Delays from backups may occur, so applicants should consider carefully whether it would be quicker to download a clean copy instead.
 
Qualification Determination Announcement
 
DCA has released Project Team qualification determinations for all 2016 Pre-Application submissions. The Project Teams identified as "Qualified-Incomplete" or "Probationary-Incomplete" have been deemed qualified for the 2016 Round contingent upon submittal of additional documentation verifying the percentage interest of GP Entity and/or Development Entity listed on the Experience Summary tab of the Performance, Experience and Compliance History Summary Workbook.

The additional documentation is to be submitted with the Housing Credit Application submission due on June 9th. Please submit one of the following two documents to confirm the Certified Entity/Principal has the stated interest in the GP Entity and/or Development Entity of the Successful Tax Credit Project:
 
  1. A letter from the Syndicator involved with the project
  2. The GP Partnership Agreement / GP Operating Agreement / Development Agreement
Documents demonstrating involvement with the project but not explicitly identifying the Certified Entity/Principal as having the stated interest in the deal do not meet these requirements. For example, a copy of the tax credit project partnership agreement which only lists the approximate 1% share of the General Partner cannot be used to confirm the Certified Entity/Principal has a 50% share of the General Partner entity. The partnership agreement for the GP must be provided and such agreement must explicitly identify the Certified Entity/Principal as having the stated interest.

Upcoming Events and Deadlines

May 30, 2016  
State Holiday - DCA Offices Closed
 
June 9, 2016
9% Application Deadline

July 4, 2016
State Holiday - DCA Offices Closed

July 8, 2016
Notification of Delayed Financing Awards Deadline 

July 22, 2016
Alternate Financing Deadline

August 31, 2016
Evidence of 8 Step Process Completion 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