|Sponsor Eligibility||Each Project Team must demonstrate the qualifications necessary to successfully own, develop and operate a proposed tax credit project.|
|Types of Projects Funded||
15 year initial affordability + 15 year extended use period. Qualified Contract opt out option.
20-50 Minimum Tax Credit Set-aside: At least 20% of the units affordable at 50% or less AMI. 40-60 Minimum Tax Credit Set-aside: At least 40% of the units affordable at 60% or less AMI.
|Funds Available Per Project||Qualified Basis x Applicable Credit Percentage = Maximum Credit Amount|
|Primary Contact||Email the Multifamily Housing Finance and Development Programs about the 2016 Funding Round.
Georgia Department of Community Affairs
60 Executive Park South, N.E.
Atlanta, Georgia 30329-2231
|Link||Housing Tax Credit
Qualified Allocation Plan Documents