Supporting Residential Housing Development

Invest Atlanta assists with the financing of residential housing developments.

Residential Housing Incentives

One of Invest Atlanta’s core competencies is real estate finance, and we administer several loan programs for the development of workforce housing.

Tax Exempt Bond Financing

Tax exempt bonds are issued by the Urban Residential Finance Authority (the Housing Finance group of Invest Atlanta) to assist with the accomplishment of growth in multifamily housing.

Housing Opportunity Bond Financing - Small Multifamily

The Housing Opportunity Bond Fund (HOB) was created to provide gap financing to address a growing need for affordable workforce housing units across the income spectrum for homeowners, builders, developers and community housing development organizations in the City of Atlanta.

Housing Opportunity Bond Financing - Single Family

The Housing Opportunity Bond Fund (HOB) was created to provide gap financing to address a growing need for affordable workforce housing units across the income spectrum for homeowners,builders,developers and community housing development organizations in the City of Atlanta.

Housing Opportunity Bond Financing - Nonprofits, Single Family

Financing is available for Community Housing Development Organizations (Nonprofits) through Housing Opportunity Bond funds. 

HomeFirst Supportive Housing Fund

A  partnership between the City of Atlanta acting through Invest Atlanta (IA) and the United Way Regional Commission on Homelessness (RCOH) created to capitalize on the community’s success in reducing homelessness counts in Atlanta.

Vine City Trust Fund Financing

The Community/Housing Development Trust Fund was established in 1989 by the City of Atlanta, the Georgia World Congress Center Authority and Fulton County to support the revitalization of the Vine City and English Avenue communities.

HOME Investment Partnerships Program Financing

The HOME Investment Partnership Program is a federally funded program that assists in the production and preservation of affordable housing for low to moderate-income families and individuals.

Atlanta Beltline Affordable Housing Trust Fund (BAHTF)

The Atlanta City Council created a BAHTF to promote the creation and preservation of affordable housing within the Beltline neighborhoods.

Housing Opportunity Bond Financing - Large Multifamily

This application is currently closed until further notice, as all available funding has been committed. 

Housing Opportunity Bond Financing - Nonprofits, Multifamily

This application is currently closed until further notice, as all available funding has been committed. 

2024 Income and Rents Limits

Download the Invest Atlanta Workforce Housing Income Limits and Maximums here:

Development Incentives Application

How to Apply

 

Common Intake Form - Multifamily or Mixed Use Only

1. Register in Neighborly - Neighborly Portal

When you access the Portal for the first time, you’ll need to register your account by clicking on the register link. The registration process will create a username (which is your email address) and password that will be used for future logins. The email address you choose will also be used for system emails/notifications, so it is recommended to use your primary email address. For security purposes, the system will validate that you own the registered email address by sending an email with a validation link.  

2. Complete & Submit Preliminary Questionnaire

After logging into Neighborly, select ‘Development Incentives Application’ and complete the preliminary questionnaire. Upon receiving a completed questionnaire, Invest Atlanta project managers will review and contact you with additional questions. If the project is determined to be eligible for a funding program, you will be granted access to the development incentives application.

3. Obtain NPU Recommendation Letter

All projects seeking Invest Atlanta funding, except for TAD funding programs*, will require an NPU presentation and recommendation letter (*Projects within the Beltline TAD and the Westside TAD neighborhoods of English Avenue and Vine City will require an NPU presentation and recommendation letter). An NPU letter is not required at the time of initial application submission but will be required prior to advancing a funding application to our Board for approval. Please consider this process in your timing. Click here to review complete community engagement guidelines, request a presentation date, and see a sample letter.  

4. Complete & Submit a Development Incentives Application

Upon receipt of an application, Invest Atlanta staff will review the application for content and completeness. After a fully complete application has been reviewed for consistency with Invest Atlanta and programmatic goals, staff will analyze and evaluate the project. The project manager will contact you with any additional questions and to provide a timeline overview.

 

 
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