Georgia

RBC Capital Markets Tax Credit Equity Group announced the closing of the RBC Tax Credit Equity National Fund-29 with total tax credit equity of $116,012,401. The Fund consists of $110.4 million of LIHTC equity and $5.6 million of Georgia State LIHTC equity.

HUD awarded nearly $1.5 billion to support seven states in their recovery from 2018 disasters, including Hurricane Michael, Hurricane Florence and wildfires in California.

Mark Shelburne has left his position as senior manager, public policy with Novogradac and accepted an offer to direct the Office of Housing Finance at Georgia DCA.

In all of the 50 largest cities across the country (or the “central cities”), 75 percent of the Extremely Low Income (ELI) population is rent “burdened” and paying more than 30 percent of their income for housing, according to a new report issued by Bill Brauner, Director of Housing & Preservation at the Community Economic Development Assistance Corporation (CEDAC) in Boston.

The state has designated the communities of Bainbridge, Commerce, Cornelia, Fitzgerald, Jonesboro, Nashville, Perry, Springfield, and Toccoa as Rural Zones, a new program enacted by the legislature in 2017.

The analysis looked at Georgia and its strict immigration law which went into effect in 2011. Since the law took effect, new-construction premiums on homes in the state have increased dramatically, while premiums in the rest of the country have remained relatively flat.

The Internal Revenue Service divided $2.59 million in unused Low Income Housing Tax Credits from calendar year 2015 among 30 states.

Investment in affordable housing in lower risk and higher opportunity areas can improve the health status of Georgia’s most vulnerable citizens, helping up to 200 individuals per year live longer, healthier lives, according to an assessment by the Georgia Health Policy Center at Georgia State University.

Georgia DCA Commissioner Camila Knowles announced recently that Christopher Nunn is the new Deputy Commissioner of Community & Economic Development Finance. Nunn joined Windham Brannon four years ago as chief operating officer. Windham Brannon is a top-10, Atlanta-based accounting firm with extensive experience in DCA-administered job tax credits and other State credits. In addition to […]

The Georgia Affordable Housing Coalition will host its annual conference in Savannah on October 7-9. This is the 19th Annual Conference and Trade Show of the GA Affordable Housing Coalition. With keynote speakers, panel discussions, sessions that appeal to development, construction and management interests, this annual meeting of Georgia’s affordable housing industry is recommended for […]

The Georgia Department of Community Affairs (DCA), in cooperation with the U.S. Department of Housing and Urban Development (HUD), announced a new Rental Assistance Demonstration (RAD) Multi-Site Bond Program in Georgia. DCA will qualify a small group of developers to work with public housing authorities (PHAs) to redevelop the PHAs’ property/ies with the majority of units as RAD units (at least 80% of total post-redevelopment units).

Georgia Department of Community Affairs released a notice to explain that in the “Leveraging of Public Resources” section of the 2015 Qualified Allocation Plan (QAP), a Georgia State Housing Trust Fund loan is listed as a qualifying source for points in the section (Scoring, Page 19 of 34).