DCA Awards $25.8 million in Housing Tax Credits

The Georgia Department of Community Affairs (DCA) announced today it will award $25.8 million federal housing tax credits to construct or rehabilitate 32 affordable rental housing properties located throughout the state. The developments include affordable housing for working families, housing for Georgia seniors and housing for persons with disabilities, and were selected from 67 applications in the annual competition.

DCA Commissioner Christopher Nunn is enthusiastic about the results: “The housing tax credit’s impact in Georgia is unequalled. These developments allow those who work in and serve their communities to also live in those communities. The construction quality and economic impact of these properties rivals or exceeds that of the private sector, making affordable housing a crucial part of Georgia’s communities.”

The Housing Credit is the nation’s and Georgia’s main tool to create and preserve affordable housing for households that need it most, including working families, veterans, people with special needs, seniors, teachers, nurses, firefighters and police. Virtually all affordable apartments built each year are financed through the Housing Credit.

The 2019 awards will add 2,155 affordable units to DCA’s affordable housing inventory, bringing the total inventory of units to about 100,000. Private investors contribute equity into partnerships, in exchange for tax credits, to generate the construction of new housing and the rehabilitation of existing units.

The new units are located in both rural and urban areas in the state. They are anticipated to be available for tenant occupancy in late 2021.

The Housing Credit was part of the Tax Reform Act of 1986. Over its 30-year life, the Housing Credit has become the most successful affordable rental housing production program in U.S. history, financing the development of nearly 3 million rental homes throughout the nation and providing 7 million low-income families, seniors, veterans, and people with disabilities homes they can afford.

Georgia developments receiving funding in the 2019 round are listed below.

2019 Competitive Round Results

2019 Competitive Round Results

County

City

Development Name

Affordable Units

Tenancy

Pool

Morgan

Madison

Canaan Crossing

60

Family

Rural

Lee

Albany

Westover Senior Village

46

HFOP

Rural

Carroll

Villa Rica

Legacy at Walton Trail

90

HFOP

Rural

Whitfield

Dalton

Crow Valley Heights

80

Family

Rural

Baldwin

Milledgeville

Creekside Apartments

60

HFOP

Rural

Bleckley

Cochran

Havenwood Gardens

50

Family

Rural

Dooly

Vienna

Pineview Trace

50

Family

Rural

Habersham

Clarkesville

Sutton Terrace

72

Family

Rural

Barrow

Winder

Wimberly Manor

68

Elderly

Rural

Catoosa

Ringgold

Flats at Sam Lane

72

Family

Rural

Walker

Chickamauga

The Village at Chickamauga 2

60

HFOP

Rural

 

Laurens

Dublin

Woodlawn Senior Village

48

HFOP

Rural

 

Ware

Waycross

Waring Apartments

40

HFOP

Rural

 

Lee

Leesburg

Woodstone Apartments II

39

Family

Rural

 

Bartow

Cartersville

The Cove at Cartersville

60

HFOP

Rural

 

Muscogee

Columbus

Mill Village

91

Family

Flexible

 

Fulton

Atlanta

Thrive Sweet Auburn

117

Family

Flexible

 

Hall

Gainesville

Walton Harbor

81

Family

Flexible

 

Fulton

Atlanta

Abbington at Ormewood Park

42

Family

Flexible

 

Fulton

Atlanta

Haven at South Atlanta

71

Family

Flexible

Bibb

Macon

Northside Senior Village

72

Elderly

Flexible

DeKalb

Doraville

Veranda at Assembly

80

HFOP

Flexible

Coweta

Newnan

The Residences at Newnan Crossing

74

HFOP

Flexible

Cobb

Smyrna

Hearthside Smyrna

64

Elderly

Flexible

Bibb

Macon

Sterling Heights

68

HFOP

Flexible

Chatham

Savannah

Live Oak Landing II

54

Family

Flexible

Dougherty

Albany

Flint Ridge

54

Family

Flexible

Muscogee

Columbus

Harper Woods

86

Family

Flexible

Houston

Warner Robins

WR Redevelopment Phase II

75

Family

Flexible

Fulton

South Fulton

Anthem II

70

Elderly

Flexible

Rockdale

Conyers

24 East

107

HFOP

Flexible

Richmond

Augusta

The Village on 5th

54

HFOP

Flexible