The Georgia Housing and Finance Authority (GHFA) hereby notifies interested applicants of a Notice of Funding Availability (NOFA) for funds allocated from the Georgia National Housing Trust Fund (NHTF) program for the construction, preservation or acquisition/rehabilitation of multifamily rental properties. All NHTF units will be targeted for use by Extremely Low-Income (ELI) households with incomes at or below 30% of Area Median Income (AMI).
In releasing this Notice of Funding Availability (NOFA), the goal of GHFA is to facilitate construction, rehabilitation, and acquisition/rehabilitation of affordable multifamily rental housing by providing gap financing at rates below those charged by commercial lending institutions.
A copy of the state of Georgia’s National Housing Trust Fund Allocation Plan and other related materials are available on the DCA website at:
Program updates and Frequently Asked Questions will be posted to this site on a regular basis. All inquiries should be directed to email@example.com until the close of this NOFA.
DCA anticipates that approximately $1,000,000 will be available under this NOFA for the NHTF funds.
Applications under this NOFA will be accepted for the first round beginning on February 8, 2017 and ending on March 8, 2017.
Applications for funding will be accepted at The Georgia Department of Community Affairs, 60 Executive Park South, NE, Atlanta, Georgia 30329 until the deadline of 4:00 p.m. EST on the dates described above. Applicants should label the file “NHTF NOFA.” One complete application package should be submitted on a flash drive. Any application received after the deadline will be deemed ineligible and will not be considered for funding.