Low Income Housing Tax Credit (LIHTC) 9% – GA Department of Community Affairs

Sponsor Eligibility 10% of the available 9% Credits are set aside for non-profit- sponsored Applications.
– 51% ownership of GP Interests
– NPO must materially participate

Each Project Team must demonstrate the qualifications necessary to successfully own, develop and operate a proposed tax credit project.

Applicants will be limited to direct or indirect Ownership/Development interest in a maximum of two (2) selected projects.

Types of Projects Funded New Construction

Preservation – DCA will award five (5) points to up to seven (7) Applications that best meet DCA?s preservation priority.

Affordability Requirements 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 DCA will not award more than $1,000,000 of Credits to any project in the competitive round.
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