Overview:
The purpose of the Multifamily Housing Program (MHP) is to provide financial assistance to the owners of multiple unit projects involving new construction and/ or rehabilitation of housing for low and moderate-income households.
Administration:
The City of Atlanta (City) Department of Planning & Community Development, Bureau of Housing is responsible for the administration of the Multifamily Housing Program (MHP). In that capacity, the Bureau of Housing shall perform the following duties:
- Market the program and receive applications from interested parties
- Analyze application information submitted by interested parties for compliance with the HOME/CDBG guidelines and negotiate the project’s proposed package with applicant.
- Develop and implement changes in program design, policies, guidelines, and procedures consistent with the scope and intent of the program.
Community Development Block Grant Projects (CDBG)
CDBG regulations are quite specific in defining how funds may be used for housing development. Assistance may be given for new construction and rehabilitation of housing under the conditions listed below. Mixed-used developments where at least 50% of the building use is devoted to housing are also eligible under these same conditions. Assistance under the program is restricted to the housing portion of mixed-use structures unless assistance for the commercial portion is separately authorized by City Council.
Home Funded Projects
HOME funds can provide a wide range of low-income housing activities through moderate and substantial rehabilitation, new construction, tenant-based rental assistance, and other related activities. All HOME funds must benefit persons (at/or) below 60% of the area median income.
Matching Requirements
All HOME funds must be matched by at least 12% non-federal resources. Eligible forms of matching contributions include; case contributions from non federal resources; value of state or local taxes, fees, or other charges that are normally imposed but are waived, or deferred; value of land or other real property not acquired with federal funds; investment in on site-and off-site infrastructure; proceeds from taxable or tax-exempt bonds issued by states or localities and repayable from project revenues; the value of site preparation, construction material, and donated/voluntary labor; any public fund directed at housing; City of Atlanta sources other than HOME that meet HOME regulations.
Important Information
Eligibility and other requirements
Multifamily Properties