DWQA QuestionsCategory: Phase 1 ProposalsAtlanta Affordable Housing Preservation Program
atlpreservation Staff asked 8 months ago

Proposed by: Tapestry Development Group

Tapestry Development Group proposes a project that would provide capital to owners of mid-size affordable multifamily housing properties that serve residents earning incomes at 80 percent or below of the area median income. Property owners would be selected though an on-going RFP process and receive access to low-interest funds for moderate rehabilitation needs in exchange for preserving the current affordability level of their properties for 10 years or a period that matches loan repayment terms.