| Sponsor Eligibility | Agency must have had 501(c)(3) non-profit status at least 2 full years or have 2 full years of operating experience under another non-profit entity that meets this criteria.
A minimum of 15% of HOME funding must be set aside for capital projects carried out by Community Housing Development Corporations (CHDOs). |
| Types of Projects Funded | New Construction or Rehabilitation.
Multi-unit projects (e.g. 3 or more units) located within the City of Atlanta?s designated Community Development Impact Area. |
| Affordability Requirements | At or below 60% AMI. For projects larger than 3 units, 20% must be occupied by families at or below 50% AMI.
20 years for new rental construction. 5-15 years for rehabilitation of existing units; affordability period based on HOME investment per unit. |
| Funds Available Per Project | All HOME funds must be matched by at least 12% non-federal resources. |
| Primary Contact | Theresa Hill HOME Program Manager Office of Housing City of Atlanta 68 Mitchell Street SW, Suite 1200 Atlanta Georgia 30303-0310 404-330-6390 [email protected] |
| Link | Click for more information. |
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