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Structure

URFA is empowered to issue tax exempt bonds to make below market interest rate mortgage loans to developers for rental housing provided Internal Revenue Service section 142 requirements are met to ensure that a percentage of the rental units benefit low and moderate-income renters.

URFA每年都从GA社区事务部获得免税债券拨款. URFA serves as a conduit bond issuer. 债券以先到先得的方式发行. There is no maximum amount of bonds that can be allocated to a single development. Eligible projects must be located within the city of Atlanta.

根据本计划分配的任何免税债券资金必须用于为开发提供永久性融资. The allocation is not intended for short-term financing, or “bridge” financing, or any refinancing, which is not the permanent financing for the development; however, 它可以用于建设融资，并在一定条件下由其他来源取出.

Eligible Developments

• New Construction or Acquisition and Rehabilitation. Minimum of 75 units and $5MM in Total Development Costs.
• Conversion of an existing property not being used for housing
• 40%的单位必须预留给AMI值为60%的人，20%的单位预留给AMI值为50%的人. See http://www.huduser.org/portal/datasets/il.html for AMI limits.
• 必须预留至少15%的单位给没有收入限制的市价租户
• Be located within the City Limits of Atlanta

Use of Funds

• Bond Financing must be at least 50% of capital stack
• Cost of Issuance financed by Tax Exempt Bonds cannot exceed 2% of bond amount
• Affordability period is the greater of 15 years or as long as bonds are outstanding
• Tax-Exempt bonds can be coupled with 4% LIHTC’s & must be enhanced by letter of credit or by a financial guarantee unless the bonds are sold via private placement or the bonds are rated and the project has a HUD HAP contract of at least 15-years
• 债券融资最多可用于开发总成本的100%，前提是债务支持至少1个项目.20x DSCR.
• For Acquisition and Rehabilitation, rehabilitation costs must equal at least 10% of the total project cost

Developer Guidelines

• Developer must have experience commensurate with scope and size of the project
• Developer must have a successful track record of property management and marketing
• 所有劳动力单位必须在规模和质量上与同一开发中的市场单位相当. Affordability must be disbursed across unit types and floors.
• Developer must have financial capacity
• Development must meet sustainability requirements

Neighborhood Compatibility

• URFA鼓励发展商在下列地区规划/发展项目:
  • Economic Development Priority Areas
  • Qualified Census Tracts
  • Difficult to Develop Zones
  • Within 1/4 mile of MARTA Mass Transit, Atlanta Streetcar, or Atlanta Beltline
  • Within a Tax Allocation Districts (TAD)
• Development must complement and enhance the existing character of the neighborhood
• NPU Letter

How To Proceed

Check out our Developer Application Process below for information on how to proceed.

Structure

项目基金中的资金将用于向开发商提供低息贷款，为收购提供部分资金, construction or renovation of housing. These funds may be used in conjunction with conventional financing, bond financing or other private/public financing to construct and/or rehabilitate residential housing and finance predevelopment and site development costs. No HOB loan may be made or unconditionally committed to be made unless the developer has evidence of a firm commitment letter from funding sources detailing the terms and conditions for the balance of the total costs of the housing development.

偿还贷款的义务应当以本票为凭证，并以债务担保契约为担保. 每一个由住房委员会资金资助的住房项目都应受土地使用限制协议的约束，期限至少为15年. Funding is subject to availability.

Eligible Developments

• New Construction or Acquisition and Rehabilitation < 85 units (HOUSING PRESERVATION PREFERRED)
• Conversion of an existing property not being used for housing
• 30% set aside for a population at or below 80% of AMI for rental housing projects. See http://www.huduser.org/portal/datasets/il.html for AMI limits.
• Be located within the City Limits of Atlanta
• Project must demonstrate evidence of funding need.

Use of Funds

• 基金可以通过传统、债券或其他私人或公共融资来杠杆化
• Funds serve as gap/bridge loans only; Underwritten based on financing need
• Used as second mortgage loan (gap financing)
• Loan cannot exceed
  • Maximum amount per affordable unit:
    • 61% - 80% AMI = up to $50,000/Affordable Unit
    • 31% - 60% AMI = up to $60,000/Affordable Unit
    • 0% - 30% AMI = up to $70,000/Affordable Unit
  • Maximum amount per project
    • Up to $1,000,000

Developer Guidelines

• Developer must have experience commensurate with scope and size of the project
• Developer must have success in leveraging additional funds
• Developer must have a successful track record of property management and marketing
• Development must meet sustainability requirements

Neighborhood Compatibility

• URFA鼓励发展商在下列地区规划/发展项目: 
  • Economic Development Priority Areas 
  • Qualified Census Tracts 
  • Difficult to Develop Zones 
  • Within 1 mile of MARTA Mass Transit, Atlanta Streetcar, or Atlanta Beltline
• Development must complement and enhance the existing character of the neighborhood
• NPU Letter 

How To Proceed

Check out our Developer Application Process below for information on how to proceed.

Structure

项目基金中的资金将用于向开发商提供低息贷款，为收购提供部分资金, construction or renovation of housing. These funds may be used in conjunction with conventional financing, bond financing or other private/public financing to construct and/or rehabilitate residential housing and finance predevelopment and site development costs. No HOB loan may be made or unconditionally committed to be made unless the developer has evidence of a firm commitment letter from funding sources detailing the terms and conditions for the balance of the total costs of the housing development.

偿还贷款的义务应当以本票为凭证，并以债务担保契约为担保. 住房委员会资金资助的住房项目，应签订土地使用限制协议. Funding is subject to availability.

Eligible Developments

• New Construction or Acquisition and Rehabilitation
• Conversion of an existing property not being used for housing
• May be used for rental or homeownership development
• Developments must contain set asides, 至少百分之二十(20%)的同等规模和完工的市场价格单位, to persons at 120% of the Area Median Income (“AMI”) or below. See http://www.huduser.org/portal/datasets/il.html for AMI limits.
• Be located within the City Limits of Atlanta
• Project must demonstrate evidence of funding need.

Use of Funds

• 基金可以通过传统、债券或其他私人或公共融资来杠杆化
• Minimum project size is 5 units
• Funds serve as gap/bridge loans only; Will be underwritten based on need
• Used as second mortgage loan (gap financing)
• Loans cannot exceed maximum amount per affordable unit:
  • $50,000/unit; $70,000/unit with ADU; $100,000/ Permanently Affordable Unit
• Maximum amount per project
  • Up to $500,000美元(可能增加额外的可负担单位或更高的可负担水平-上限为200万美元)

Developer Guidelines 

• Developer must have experience commensurate with scope and size of the project
• Developer must have success in leveraging additional funds
• Developer must have a successful track record of property management and marketing
• Development must meet sustainability requirements

Neighborhood Compatibility

• URFA鼓励发展商在下列地区规划/发展项目:
  • Economic Development Priority Areas
  • Qualified Census Tracts
  • Difficult to Develop Zones
  • Within 1/4 mile of MARTA Mass Transit, Atlanta Streetcar, or Atlanta Beltline
  • Within a Tax Allocation District (TAD) without a current funding source
• Development must complement and enhance the existing character of the neighborhood
• NPU Letter 

How To Proceed

Check out our Developer Application Process below for information on how to proceed.

Structure

项目基金中的资金将用于向开发商提供低息贷款，为收购提供部分资金, construction or renovation of housing. These funds may be used in conjunction with conventional financing, bond financing or other private/public financing to construct and/or rehabilitate residential housing and finance predevelopment and site development costs. No HOB loan may be made or unconditionally committed to be made unless the developer has evidence of a firm commitment letter from funding sources detailing the terms and conditions for the balance of the total costs of the housing development.

偿还贷款的义务应当以本票为凭证，并以债务担保契约为担保. 住房委员会资金资助的住房项目，应签订土地使用限制协议. Funding is subject to availability.

Eligible Developments

• New Construction or Acquisition and Rehabilitation
• Conversion of an existing property not being used for housing
• May be used for rental or homeownership development
• Developments must contain set asides, 至少百分之二十(20%)的同等规模和完工的市场价格单位, to persons at 120% of the Area Median Income (“AMI”) or below. See http://www.huduser.org/portal/datasets/il.html for AMI limits.
• Be located within the City Limits of Atlanta
• Project must demonstrate evidence of funding need.

Use of Funds

• 基金可以通过传统、债券或其他私人或公共融资来杠杆化
• Minimum project size is 3 units
• Funds serve as gap/bridge loans only; Will be underwritten based on need
• Used as second mortgage loan (gap financing)
• Loans cannot exceed maximum amount per affordable unit:
  • $70,000/unit; $90,000/unit with ADU; $100,000/ Permanently Affordable Unit
• Maximum amount per project
  • Up to $500,000美元(可能增加额外的可负担单位或更高的可负担水平-上限为200万美元)

Developer Guidelines

• Developer must have experience commensurate with scope and size of the project
• Developer must have success in leveraging additional funds
• Developer must have a successful track record of property management and marketing
• Development must meet sustainability requirements

Neighborhood Compatibility

• URFA鼓励发展商在下列地区规划/发展项目:
  • Economic Development Priority Areas
  • Qualified Census Tracts
  • Difficult to Develop Zones
  • Within 1/4 mile of MARTA Mass Transit, Atlanta Streetcar, or Atlanta Beltline
  • Within a Tax Allocation District (TAD) without a current funding source
• Development must complement and enhance the existing character of the neighborhood
• NPU Letter 

How To Proceed

Check out our Developer Application Process below for information on how to proceed.

In February 2017, the City of Atlanta announced the $50 million HomeFirst initiative to achieve these goals by investing in proven housing strategies and supportive services and made a bold commitment of $25 million in city funds to match private contributions to the HomeFirst initiative.

Structure

亚特兰大市指定城市住宅金融管理局(URFA)作为信托基金的管理人. Through the Trust fund, loans in the total amount of $8 million were made to for–profit, non-profit developers and homebuyers to provide for new and rehabilitated rental housing as well as homeownership opportunities.

这些贷款的偿还资金进入一个项目收入账户，并用于发放额外的贷款 eligible housing development in Vine City and English Avenue.

Eligible Developments

• Acquisition, construction, or renovation of multifamily and single family housing
• Conversion of an existing property not being used for housing
• For sale housing that sets aside a minimum of 20% of the homes in the development must be marketed and sold to families of two or less not to excess of 100% of AMI and 115% AMI for 3 or more with purchase price less than $252,890 or current 203 FHA limit
• 20% set aside for a population at or below 80% of AMI for rental housing projects. See http://www.huduser.org/portal/datasets/il.html for AMI limits.
• Provide for long-term affordability provisions of 15 years or more for rental; 10 years for single family

Use of Funds

• Funds used as second mortgage loan (gap financing)
• Funds cannot exceed 50% of the capital stack or $1.5 million
• Will have an interest rate of up to 4%

Developer Guidelines

• Developer must have experience commensurate with scope and size of the project
• Developer must have success in leveraging additional funds
• Developer must have a successful track record of property management and marketing
• Must obtain, through a firm commitment, a secure funding source for the balance of the total costs of the project
• Development must meet sustainability requirements

Neighborhood Compatibility

• The target area for the Trust Fund is the area bounded by Donald Lee Hollowell Parkway on the north; Joseph Lowery Boulevard on the west; Martin Luther King Jr. Drive, 核桃街和贝克威斯街延伸至南部的沃克街和沃克街, Martin Luther King Jr. Drive and Northside Drive on the east.
• See map below. The shaded area is the boundary for the Trust Fund
• NPU Letter

How To Proceed

Check out our Developer Application Process below for information on how to proceed.

Structure

The program funds costs associated with new construction, acquisition and rehabilitation of rental properties.

房屋署资助的项目必须符合不少于适用的负担能力规定 period specified in the chart below beginning after project completion. The affordability period is based on the HOME investment per unit.

Eligible Developments

• May finance, in part, the acquisition, construction, or renovation of multifamily housing for low and moderate income families
• Be located within the City of Atlanta
• Must have a minimum of 5 HOME-assisted units.
• All Projects must meet the Model Energy Code
• May be used for multifamily developments and will not be made or unconditionally committed to be made unless secure funding sources are identified for the balance of the total project cost of the housing project
• Projects are eligible for a maximum of $40,000 per HOME Assisted Unit
• 确保所有接受HOME援助的单位必须由收入不超过该地区中位数收入80%的家庭居住
• 确保至少有20%的房屋单位是收入不超过50%的家庭负担得起的，而收入不超过60%的家庭负担得起20%的住房单位. See http://www.huduser.org/portal/datasets/il.html for AMI limits.

Use of Funds

• Funds used as second mortgage loan
• 是否会进行补贴分层分析，以根据住房和城市发展部对住房单位的指导方针确定所需的最低补贴金额
• Will be evidenced by a promissory note and shall be secured by a deed to secure debt; and
• Will have an interest rate of up to 3%

Developer Guidelines

• 营利性开发商和非营利性开发商都有资格申请HOME基金
• Development must meet sustainability requirements

Neighborhood Compatibility

• Correspond with approved neighborhood revitalization plans
• NPU Letter

How To Proceed

Check out our Developer Application Process below for information on how to proceed.

Structure

Affordable housing is a critical component of the Beltline development. Grant funds from BAHTF add a necessary, flexible and unprecedented tool to Atlanta’s affordable housing toolkit. These funds can be combined with other affordable housing programs and city incentives and leveraged with private dollars to construct or renovate affordable housing units in the city. The goal of the BAHTF is to create a balanced mix of rental and owner occupied housing units and to encourage the distribution of affordable housing around the beltline.

These grants will be provided to non-profit and for profit multifamily developers offering affordable workforce housing rental units along the Atlanta BeltLine. Grant funds may be used to finance acquisition, construction or renovation of multifamily housing for families at or below 60% of Area Median Income (as defined by the Department of Housing and Urban Development). These grants to developers are enforced by a Land Use Restriction Agreement (LURA). The total amount of the grant dollars may not exceed 30% of the total development costs with a cap of $2 million per multifamily development. 发展商须从其他来源获得额外融资，以完成发展项目.

项目涉及非营利性组织与营利性合作伙伴和投资者的组合, adhere to the Atlanta BeltLine Design Guidelines, 为市价30%或以下的人士提供负担得起的出租单位，并向公务员(市, county, 亚特兰大公立学校员工和亚特兰大市居民将优先考虑.

The program components of the BAHTF include

• Multifamily Rental Developer Incentives
• Single Family Developer Incentives
• Community Housing Development Organizations (CHDO) Set-aside for Multifamily Rental
• 社区房屋发展机构(CHDO)为独户自置居所预留的款项     

Grants are available to multifamily, single family and CHDO developers from the Beltline Affordable Housing Trust Fund to finance multifamily and single family developments along the Beltline.

BAHTF资金将只授予那些没有公共补贴在经济上不可行的开发项目. The amount of funding granted to a specific development may reflect an award of less than 100% of the requested amount based on the assessment of financial need made by Invest Atlanta and other factors as determined by Invest Atlanta.

Verify that your property/parcel is in the Beltline TAD at gis.atlantaga.gov

How To Proceed

Check out our Developer Application Process below for information on how to proceed.