Bond Allocation Program

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Basic Info

Pursuant to state and federal law, the department administers the "Georgia Allocation System" for local and state government issuing authorities seeking to issue "private activity tax exempt bonds". Georgia is authorized to use up to $120 per capita a year, or $1,309,545,120 for 2023 projects ranging from the traditional industrial development bond (IDB) for manufacturing concerns and mortgage revenue bonds (MRB) for single family mortgages to bonds for multi-family housing development and exempt facility bonds. The department utilizes a very specific application procedure that ensures allocation is available throughout the year. Allocation amounts are set aside for economic development purposes, housing purposes, and purposes such as solid waste disposal. To receive an allocation, the local issuing authorities must approve the project, hold a public hearing, have local government approval, and general financing in place. Economic development projects must commit to create or retain 1 job for every $125,000 of financing. Additionally, economic development projects requesting an allocation amount greater than $20,000,000 must receive a letter affirming the financial feasibility of this transaction from the Georgia Department of Economic Development. Multi-family housing projects must demonstrate that a minimum number of units will be set aside for low to moderate income families and single-family proposals must demonstrate the ability to turn allocations into cost-effective mortgages for first-time low and moderate income home buyers. Use of this scarce resource allows for lower than normal financing costs, resulting in the creation or retention of jobs and expansion of affordable housing.

Bond Fees

Bond Application Fee: $250.00

Bond Carryforward Fee: $250.00

Bond Adjustment (change in amount of allocation or one -time 30 day extension) Fee: $100.00

Bond Issuance Fee: 1/10 of 1% (0.001)

For more information or Allocations from older years, contact the Bond Allocation Program.





    PUBLIC NOTICE IS HEREBY GIVEN that the Georgia Housing and Finance Authority will hold a public hearing at 10:00 a.m., August 31, 2023, at its principal office located at 60 Executive Park South, N.E., Atlanta, Georgia 30329 in Room 202, 2nd  floor, or such other room as noted outside Room 202 at the time of the hearing. The purpose of the hearing is to provide an opportunity for public comment on the proposed plan of financing involving the sale and issuance of up to and including Two Hundred Fifty Million Dollars ($250,000,000) of qualified mortgage revenue bonds from January 1, 2024 through February 15, 2025. The bonds may be sold in one or more series, on one or more dates and each series may consist of one or more subseries.

    The plan of financing for the bonds shall (a) make available monies to finance qualified single- family residential mortgage loans to eligible persons and families for the acquisition of owner-occupied dwellings within the State of Georgia, (b) to establish necessary funds, reserves and accounts, (c) if market conditions are suitable, to refund certain of the Authority’s bonds, notes and/or obligations, and (d) to pay for costs of issuance.

    Proceeds made available as a result of the plan of financing will be available to finance mortgage loans statewide. The bonds issued by the Georgia Housing and Finance Authority will not constitute a debt of the State or a pledge of the faith or the credit of the State of Georgia but shall be payable solely as provided in the Resolution or Resolutions authorizing the issue, and the issuance of such bonds shall not directly or indirectly obligate the State to levy or pledge any form of taxation or to make any appropriation for repayment of such bonds.

    Oral and written comments are solicited. Written comments must be delivered to and received by the Georgia Housing and Finance Authority at the aforementioned address no later than 11:00 a.m., August 31, 2023.

    The Georgia Department of Community Affairs, the administrator of the programs for the Georgia Housing and Finance Authority, is committed to providing all persons with equal access to its services, programs, activities, education, and employment regardless of race, color, national origin, religion, sex, familial status, disability, or age. For a reasonable accommodation, please contact

  • Beginning January 1, 2024, economic development projects requesting an allocation amount greater than $20,000,000 must receive a letter affirming the financial feasibility of this transaction from the Georgia Department of Economic Development.