Affordable Multifamily Rental

  • Basic Info
The Affordable Rental Multifamily Program will facilitate the creation of quality, affordable housing units to help build resiliency and alleviate the rental stock shortage caused by the 2017 disasters. DCA issued a Request for Proposals (RFP) in May 2019.
DCA awarded 9% Housing Tax Credits (“LIHTCs”) and CDBG-DR funds to 4 developments. The 9% Low income Housing Tax Credits (LIHTCs) for the 4 developments total $3.4 million, and the CDBG-DR funds for the 4 development total $13.5 million. The following developments were awarded:
  • Arbours at Kingsland
Near 821 South Grove Blvd
Kingsland, GA 31548
84 Low Income Units - New Construction
CDBG-DR Award: $3,675,000
9% Tax Credit Award: $900,000
  • Perry Place
Near 2435 Martin Luther King Jr. Blvd
Brunswick, GA 31520
56 Low Income Units - New Construction
CDBG-DR Award: $2,000,000
9% Tax Credit Award: $850,000
  • Grove Park Apartments
Near 301 Gross Rd.
Kingsland, GA 31548
80 Low Income Units - New Construction
CDBG-DR Award: $4,170,000
9% Tax Credit Award: $694,500
 
  • Havenwood Springs
525 Don Cutler Sr. Dr.
Albany, GA 31705
120 Low Income Units – Substantial Rehabilitation
2 Common Space Units - New Construction
CDBG-DR Award: $2,284,339
9% Tax Credit Award: $1,000,000

Documents