2016 Housing Finance & Development Update #47

December 19, 2016

Housing Finance & Development

Email Updates

Staff Announcements

DCA is pleased to announce that Philip Gilman has been named as the new Director of Housing Finance. Philip has been employed at DCA for almost three years and has a Master's degree Public Administration from George Washington University with course work in leadership and complex organizations.

During his three years with DCA, Philip has led the development of housing policy, acted as a liaison with the DCA Board committee and worked on almost every aspect of our tax credit program.

Philip began his new position this month and is looking forward to working with our industry partners.

Andre Carmack, joined DCA on December 16, 2016, as a Tax Credit Program Manager in the Housing Finance and Development Division, where he will be responsible for managing the key processes of the Low Income Housing Tax Credit program. He brings over 6 years of audit, tax and affordable housing experience to the job. Andre earned his Business Administration degree in Accounting and in Finance from Valdosta State University.

Please join us in welcoming Andre to the DCA team.

Notice of Funding Availability

Round 2 / Winter 2016:
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:

NOFA: Multifamily 2016 HOME Round 2/Winter

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 up to six million dollars ($6,000,000) 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.

Upcoming Events and Deadlines

December 26, 2016

State Holiday

December 27, 2016

State Holiday

January 2, 2017

State Holiday

March 2, 2017

2017 QAP Workshop

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.