The Georgia Department of Community Affairs (DCA) is awarding nearly $28 million in 9% low-income housing tax credits (LIHTCs) to build or preserve 28 affordable housing developments across the state.

Christopher Nunn
Christopher Nunn

The awards will help finance nine new construction rural developments, seven new construction developments in the Atlanta metro, eight new construction developments in other metropolitan areas, and four projects that will preserve existing housing. The selected developments will target varied household tenancies—families, housing for older persons (HFOP), and the elderly—and include supportive housing for persons with disabilities and housing integrated with supportive services for survivors of domestic sex trafficking.

The awarded projects were selected from 61 applicants this year.

The LIHTCs will generate approximately $360 million in private equity contributions. The equity, in turn, will fund the construction or rehabilitation of 1,688 units affordable to low- and moderate-income Georgians earning up to 80% of the area median income. In addition, 89 market-rate units will be constructed or rehabilitated to produce mixed-income developments.

“Collectively, these developments will provide housing that is safe and affordable for thousands of Georgians,” said DCA commissioner Christopher Nunn. “The public-private partnerships made possible through this program are instrumental in the effort to address housing affordability for Georgia families, our workforce, and our seniors.”