Helping to build strong, vibrant communities

The Georgia Department of Community Affairs is a state agency that helps build strong, vibrant communities. We provide support to communities on their journey towards growth and prosperity, helping lay the groundwork for economic opportunities and local development efforts across the state. Our core business - safe and affordable housing, local government assistance, and community and economic development - reflect the diversity of our programs and drive our commitment to serving all of Georgia. Hundreds of millions of dollars are distributed annually through grants, tax credits, loans, and other resources used to support a variety of mission-driven initiatives from affordable housing to historic preservation to infrastructure enhancements. DCA accomplishes our mission through well-established partnerships with key players at the local, state, and federal level.

Bond Allocation Program

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. 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. The bottom line is that 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.

Georgia Department of Community Affairs

Serving our community since 1977