Funding sources inventory
Affordable Housing Program (AHP)
Enterprise Market:
Atlanta, GA Region
Eligible Geography:
Atlanta
Administering Entity:
Federal Home Loan Bank of Atlanta
Public, Private, or Philanthropic:
Private
Funding Type:
Grant
Eligible Dwelling Types:
Multifamily properties
Eligible Uses:
Acquisition, rehabilitation
Affordability Requirements :
Subsidized units must serve households earning 80% AMI or below. Rental projects are required to ensure that 20% of total units are for households at or below 50% AMI. Secured with a note and security instrument to ensure compliance through the affordability period: • 15 years for rental • 5 years for ownership
Max Financial Assistance:
$500,000 per project
Other Specifications and Priorities:
The application process is a competitive, scoring-based program. Applications are submitted through an online portal with FHLBank Atlanta member financial institution
Link(s) for more information:
Ascension Fund Grant - Eastside
Enterprise Market:
Atlanta, GA Region
Eligible Geography:
Atlanta
Administering Entity:
Invest Atlanta
Public, Private, or Philanthropic:
Public
Funding Type:
Grant
Eligible Dwelling Types:
Projects located within Atlanta's Eastside Tax Allocation District
Eligible Uses:
Acquisition, rehabilitation, soft costs
Affordability Requirements :
A minimum of 20% of units at 80% AMI or 15% at 60% AMI for a term of at least 15 years
Max Financial Assistance:
Varies
Maximum Grant Amount per Affordable Unit:
61-80% AMI $50,000/Affordable Unit
31%-60% AMI $60,000/Affordable Unit
0%-30% AMI $70,000/Affordable Unit
Other Specifications and Priorities:
Projects must have a minimum of $7.5 million and provide a minimum equity commitment of 10% of project costs. Read more here about program guidelines: https://www.investatlanta.com/assets/eastside_tad_program_guidelines_final_y6JWRbD.pdf
Link(s) for more information:
Ascension Fund Grant - Westside
Enterprise Market:
Atlanta, GA Region
Eligible Geography:
Atlanta
Administering Entity:
Invest Atlanta
Public, Private, or Philanthropic:
Public
Funding Type:
Grant
Eligible Dwelling Types:
Projects located within Atlanta's Westside Tax Allocation District
Eligible Uses:
Acquisition, rehabilitation, soft costs
Affordability Requirements :
A minimum of 20% of units at 80% AMI or 15% at 60% AMI for a term of at least 15 years
Max Financial Assistance:
Varies
Maximum Grant Amount per Affordable Unit:
61-80% AMI $50,000/Affordable Unit
31%-60% AMI $60,000/Affordable Unit
0%-30% AMI $70,000/Affordable Unit
Other Specifications and Priorities:
Projects must have a minimum of $7.5 million and provide a minimum equity commitment of 10% of project costs. Read more here about program guidelines: https://www.investatlanta.com/assets/westside_tad_program_guidelines_rev._final_-1-_w5Kv84x.pdf
Link(s) for more information:
Atlanta Affordable Housing Fund
Enterprise Market:
Atlanta, GA Region
Eligible Geography:
Atlanta
Administering Entity:
Atlanta Affordable Housing Fund
Public, Private, or Philanthropic:
Private
Funding Type:
Debt
Eligible Dwelling Types:
Properties within Atlanta's Beltline
Eligible Uses:
Varies
Affordability Requirements :
Varies
Max Financial Assistance:
Varies
Other Specifications and Priorities:
View more here: https://www.investatlanta.com/assets/beltline_increment_program_guidelines_-1-_aWLxmBm.pdf
Link(s) for more information:
Atlanta BeltLine Affordable Housing Trust Fund (BAHTF)
Enterprise Market:
Atlanta, GA Region
Eligible Geography:
Atlanta
Administering Entity:
Atlanta BeltLine, Inc. and Invest Atlanta
Public, Private, or Philanthropic:
Public
Funding Type:
Subsidy and Grant
Eligible Dwelling Types:
Varies
Eligible Uses:
Varies
Affordability Requirements :
Minimum of 25% of units at 80% AMI or 20% at 60% AMI for a term of at least 20 years
Max Financial Assistance:
Varies based upon level of affordability
Other Specifications and Priorities:
The Atlanta Beltline Affordable Housing Trust Fund (BAHTF) promotes the creation and preservation of affordable housing within the Beltline neighborhoods.
Link(s) for more information:
Community Development Block Grant (CDBG)
Enterprise Market:
Atlanta, GA Region
Eligible Geography:
Atlanta
Administering Entity:
City of Atlanta Department of Grants and Community Development
Public, Private, or Philanthropic:
Public
Funding Type:
Grant
Eligible Dwelling Types:
Varies
Eligible Uses:
Varies. May support a wide variety of preservation activities
Affordability Requirements :
Housing projects funded by CDBG must serve populations at or below 80% AMI.
Max Financial Assistance:
Varies by project
Link(s) for more information:
Community Development Financial Institutions (CDFI's)
Enterprise Market:
Atlanta, GA Region
Eligible Geography:
Varies
Administering Entity:
CDFIs operating in the Atlanta region include Enterprise Community Loan Fund, LISC, LIIF, ANDP, Reinvestment Fund, Neighborhood Lending Partners.
Public, Private, or Philanthropic:
Private
Funding Type:
Varies
Eligible Dwelling Types:
Varies by program
Eligible Uses:
Varies by program. Typically predevelopment, acquisition, bridge financing, some limited permanent financing.
Affordability Requirements :
Varies by program. It is advisable to contact the CDFI responsible for administering the desired funding program.
Federal RTC
Enterprise Market:
Atlanta, GA Region
Eligible Geography:
Georgia
Administering Entity:
Georgia Historic Preservation Division (HPD) and the National Park Service (NPS) The Georgia HPD also operates as the State Historic Preservation Office (SHPO)
Public, Private, or Philanthropic:
Public
Funding Type:
Equity
Eligible Uses:
Equity for acquisition or major rehabilitation of historically significant properties. Property must be on the National Register of Historic Places. Only properties utilized for income-producing purposes can take advantage of the credit.
Affordability Requirements :
No specific affordability requirements
Max Financial Assistance:
20% of qualified rehabilitation expenditures.
Other Specifications and Priorities:
Developer is required to abide by design and construction regulations to preserve historic features as determined by the Historic Preservation Division (HPD) of the Georgia Department of Natural Resources (DNR).
Link(s) for more information:
HOME Investment Partnerships Program
Enterprise Market:
Atlanta, GA Region
Eligible Geography:
Atlanta
Administering Entity:
City of Atlanta Department of Grants and Community Development
Public, Private, or Philanthropic:
Public
Funding Type:
Grant
Eligible Dwelling Types:
Varies
Eligible Uses:
Varies. May support a wide variety of preservation activities
Affordability Requirements :
A majority (90%) of HOME funds used to develop rental housing must serve families with incomes at or below 60% AMI, and a small portion (10%) may be used to serve families with incomes at or below 80 percent AMI.
Max Financial Assistance:
Varies by project
Link(s) for more information:
Housing Opportunity Bond - Small Multifamily
Enterprise Market:
Atlanta, GA Region
Eligible Geography:
Atlanta
Administering Entity:
Invest Atlanta
Public, Private, or Philanthropic:
Public
Funding Type:
Below market debt
Eligible Dwelling Types:
Multifamily properties with fewer than 70 units
Eligible Uses:
Acquisition, rehabilitation
Affordability Requirements :
30% set aside for a population at or below 80% of AMI for rental housing projects.
Max Financial Assistance:
Per project: $700,000
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
Link(s) for more information:
Resurgence Fund Grant - Eastside
Enterprise Market:
Atlanta, GA Region
Eligible Geography:
Atlanta
Administering Entity:
Invest Atlanta
Public, Private, or Philanthropic:
Public
Funding Type:
Grant
Eligible Dwelling Types:
Projects located within Atlanta's Eastside Tax Allocation District. Multifamily projects must create a minimum of 5 units
Eligible Uses:
Acquisition, rehabilitation, soft costs
Affordability Requirements :
A minimum of 20% of units at 80% AMI or 15% at 60% AMI for a term of at least 15 years
Max Financial Assistance:
$750,000 per project
Maximum grant amount per unit:
61%-80% AMI units, $50,000/Affordable Unit
31%-60% AMI $60,000/Affordable Unit
0%-30% AMI $70,000/Affordable Unit
Other Specifications and Priorities:
Projects must have a minimum project size of $100,000 and a maximum of $7.5 million and provide a minimum equity commitment of 10% of project costs
Link(s) for more information:
Resurgence Fund Grant - Westside
Enterprise Market:
Atlanta, GA Region
Eligible Geography:
Atlanta
Administering Entity:
Invest Atlanta
Public, Private, or Philanthropic:
Public
Funding Type:
Grant
Eligible Dwelling Types:
Projects located within Atlanta's Westside Tax Allocation District
Eligible Uses:
Acquisition, rehabilitation, soft costs
Affordability Requirements :
A minimum of 20% of units at 80% AMI or 15% at 60% AMI for a term of at least 15 years
Max Financial Assistance:
$750,000 per project
Maximum grant amount per unit:
61%-80% AMI units, $50,000/Affordable Unit
31%-60% AMI $60,000/Affordable Unit
0%-30% AMI $70,000/Affordable Unit
Other Specifications and Priorities:
Projects must have a minimum project size of $100,000 and a maximum of $7.5 million and provide a minimum equity commitment of 10% of project costs
Link(s) for more information: