Structure

URFA有权发行免税债券，向开发商提供低于市场利率的按揭贷款，条件是开发商必须符合美国国税局第142条的规定，以确保租金单位的一定比例惠及中低收入租户.

Each year URFA receives a tax-exempt bond allocation from GA Department of Community Affairs. URFA serves as a conduit bond issuer. Bonds are issued on a first-come, first-served basis based on availability of allocation. 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.

Any tax-exempt bond funds allocated pursuant to this program must be used to provide permanent financing for the development. 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, it can be used for construction financing and be taken out by another source under certain conditions.

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% of units must be set aside to persons at 60% AMI or 20% of units set aside at 50% AMI. See http://www.huduser.org/portal/datasets/il.html for AMI limits.
• A minimum of 15% of units must be set aside for market rate tenants with no income restrictions
• 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 & 必须通过信用证或财务担保来增强，除非债券是通过私募出售的，或者债券是评级的，并且该项目与HUD HAP签订了至少15年的合同
• Bond Financing can be used for up to 100% of total development costs provided debt supports a minimum 1.20x 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
• All workforce units must be comparable in size and quality to market rate units within the same development. Affordability must be disbursed across unit types and floors.
• Developer must have financial capacity
• Development must meet sustainability requirements

Neighborhood Compatibility

• URFA encourages developers to plan/develop projects that are located in the following areas:
  • 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

Moneys held in the program fund will be used for low interest loans to developers to finance in part the acquisition, construction or renovation of housing. These funds may be used in conjunction with conventional financing, 债券融资或其他私人/公共融资，用于建造和/或修复住宅，并为前期开发和场地开发成本融资. 除非发展商有资金来源的明确承诺书，详细说明房屋发展总成本余额的条款和条件，否则不得向居屋贷款或无条件承诺贷款.

The obligation to repay the loan shall be evidenced by a promissory note and shall be secured by a deed to secure debt. Each housing project financed with HOB funds shall be regulated by a land use restriction agreement for a minimum of 15 years. 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

• Funds may be leveraged with conventional, bond, or other private or public financing
• 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 encourages developers to plan/develop projects that are located in the following areas: 
  • 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

Moneys held in the program fund will be used for low interest loans to developers to finance in part the acquisition, construction or renovation of housing. These funds may be used in conjunction with conventional financing, 债券融资或其他私人/公共融资，用于建造和/或修复住宅，并为前期开发和场地开发成本融资. 除非发展商有资金来源的明确承诺书，详细说明房屋发展总成本余额的条款和条件，否则不得向居屋贷款或无条件承诺贷款.

The obligation to repay the loan shall be evidenced by a promissory note and shall be secured by a deed to secure debt. Each housing project financed with HOB funds shall be regulated by a land use restriction agreement. 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, of at least twenty percent (20%) of the units of comparable size and finish of the market rate units, 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

• Funds may be leveraged with conventional, bond, or other private or public financing
• 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 (increase possible with additional affordable units or deeper levels of affordability--capped at $2 million)

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 encourages developers to plan/develop projects that are located in the following areas:
  • 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

Moneys held in the program fund will be used for low interest loans to developers to finance in part the acquisition, construction or renovation of housing. These funds may be used in conjunction with conventional financing, 债券融资或其他私人/公共融资，用于建造和/或修复住宅，并为前期开发和场地开发成本融资. 除非发展商有资金来源的明确承诺书，详细说明房屋发展总成本余额的条款和条件，否则不得向居屋贷款或无条件承诺贷款.

The obligation to repay the loan shall be evidenced by a promissory note and shall be secured by a deed to secure debt. Each housing project financed with HOB funds shall be regulated by a land use restriction agreement. 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, of at least twenty percent (20%) of the units of comparable size and finish of the market rate units, 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

• Funds may be leveraged with conventional, bond, or other private or public financing
• 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 (increase possible with additional affordable units or deeper levels of affordability--capped at $2 million)

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 encourages developers to plan/develop projects that are located in the following areas:
  • 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 通过投资于行之有效的住房战略和支持性服务来实现这些目标，并大胆承诺提供2500万美元的城市基金，以配合私人对HomeFirst计划的捐款.

Structure

The City of Atlanta designated the Urban Residential Finance Authority (URFA) as the administrator for the Trust Fund. Through the Trust fund, loans in the total amount of $8 million were made to for–profit, 非牟利发展商及置业者提供新建及修复的出租房屋，以及置业机会.

The repayment dollars for these loans revolves into a program income account and is used to make additional loans for 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
• 在开发项目中预留至少20%房屋的销售房屋，必须销售给2人或以下的家庭，不超过100%的AMI, 3人或以上的家庭销售不超过115%的AMI，购买价格不超过252美元,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, Walnut Street and Beckwith Street as extended to Walker Street on the south and Walker Street, 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.

The HOME assisted project must meet the affordability requirements for not less than the applicable 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
• 可用于多户住宅发展，但除非找到可靠的资金来源，以支付房屋项目总成本的余款，否则不会作出或无条件承诺作出
• Projects are eligible for a maximum of $40,000 per HOME Assisted Unit
• Ensure all units receiving HOME assistance must be occupied by households earning no more than 80% of the area median income
• Ensure at least 20% of the HOME units must be affordable to households earning no more than 50% AMI and 20% at 60% of AMI. See http://www.huduser.org/portal/datasets/il.html for AMI limits.

Use of Funds

• Funds used as second mortgage loan
• Will undergo a subsidy layering analysis to determine the minimum amount subsidy needed based on HUD guidelines for HOME Units
• 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

• For-profit developers and non-profit developers are eligible to apply for HOME funds
• 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. 这些资金可以与其他经济适用房项目和城市激励措施相结合，并与私人资金相结合，在城市中建造或翻新经济适用房. BAHTF的目标是创造一个租赁和业主自住住房单元的平衡组合，并鼓励在腰带周围分配经济适用房.

这些补助金将提供给足球外围买球靠谱平台环线沿线提供负担得起的劳动力住房租赁单元的非营利和营利性多户开发商. Grant funds may be used to finance acquisition, 为地区收入中位数(按住房和城市发展部的定义)60%或以下的家庭建造或翻新多户住宅. These grants to developers are enforced by a Land Use Restriction Agreement (LURA). 资助总额不得超过发展总成本的30%，每个多户住宅发展项目的资助上限为200万元. The developer is required to obtain additional financing from other sources to complete the development.

Projects involving a combination of nonprofit organizations with for profit partners and investors, adhere to the Atlanta BeltLine Design Guidelines, have affordable rental units for persons at or below 30% of AMI and market to public servants (city, county, Atlanta Public School employees) and City of Atlanta residents will be given top priority.

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
• Community Housing Development Organizations (CHDO) Set–aside for Single Family Homeownership     

Grants are available to multifamily, 来自Beltline经济适用房信托基金的独户和CHDO开发商，为Beltline沿线的多户和独户开发项目提供资金.

BAHTF dollars will only be awarded to those developments that would not be economically feasible without this public subsidy. 根据足球外围买球靠谱平台投资局对财务需求的评估以及足球外围买球靠谱平台投资局确定的其他因素，授予特定开发项目的资金金额可能低于请求金额的100%.

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.