The Georgia Department of Community Affairs (DCA) announced that it is no longer accepting applications for tax exempt bonds and four percent LIHTC transactions after determining that the current four percent bond pre-applications in the underwriting pipeline exceed the 2020 bond cap. By the end of 2019, DCA received 67 pre-applications for four percent LIHTCs under the 2019 QAP, most of which are currently under review and have not yet booked their bond allocation (19 out of the 67). The remaining 48 are estimated to utilize $756 million of the 2020 bond cap