Atlanta Housing announced today that its Housing Development and Preservation Financing Bond Program is now accepting applications. The initiative expands the agency’s financing toolkit, allowing developers to tap bond capital for new construction, acquisition or rehabilitation of multifamily projects that include affordable units.
Program requirements and goals
To qualify, developers must be pre‑qualified under Atlanta Housing’s “Essential Function Bond Development Partners” request for proposals. Projects must reserve either at least 20% of units for households earning 50% or less of the Area Median Income (AMI) or at least 40% of units for households earning 60% or less of AMI. The bond program is designed to accelerate the creation and preservation of affordable and mixed‑income housing, giving the agency greater flexibility to respond to changing market conditions and funding needs.
Leadership comments
“Atlanta Housing is proud to offer this new bond program as a critical tool to help the city create and preserve affordable housing,” said Terri M. Lee, President and CEO of Atlanta Housing. “As we navigate an increasingly challenging affordability landscape, we will continue to seek innovative solutions that provide accessible housing options for families who need them most.”
Board approval and financing strategy
The Atlanta Housing Board of Commissioners unanimously approved the program, noting that a diversified financing framework reduces reliance on any single revenue source. By broadening the agency’s funding base, the board aims to sustain long‑term investment in neighborhoods while safeguarding resources for future development projects.
Impact on the community
Atlanta Housing serves roughly 27,000 low‑income households, or about 43,000 individuals, through its owned residential communities, vouchers, supportive housing and down‑payment assistance programs. Expanding bond financing is expected to increase the supply of affordable units, helping families achieve stability and, for many, the dream of homeownership.
How to apply
Developers interested in participating should review the detailed application guidelines on the Atlanta Housing website. The site provides information on pre‑qualification criteria, required documentation and contact details for assistance.
About Atlanta Housing
Atlanta Housing, the largest housing authority in Georgia, holds the Moving to Work designation and is recognized nationally for its innovative affordable‑housing initiatives. Funding comes from the U.S. Department of Housing and Urban Development, supplemented by local revenue streams and now, bond financing.
For more information, visit www.atlantahousing.org or follow the agency on social media @housingatlanta.
Original reporting: SaportaReport — read the source article.
