Immediately implement long-lead-time projects to create and preserve affordable housing.
Goals:
New housing creation and the preservation of existing affordable stock will be prioritized over housing programs
Prioritize projects that are “shovel ready” and feasible (land acquisition should only be paired with construction projects)
Projects should generally align with existing recommendations from the GICH Report, Envision Athens Agenda, Workforce Housing Study, Comprehensive Plan, or ACCGov Strategic Plan
Emphasis will be placed on supporting projects within the Neighborhood Revitalization Strategy Areas (census tracts 6, 9, 301, and 302)
Projects will be capped to serve individuals at 80% AMI, and will be incentivized to serve individuals with lower AMIs
Larger projects will generally be prioritized over smaller projects (a single project may include a variety of related initiatives)
Funding for program administration will be limited
Prioritize projects that leverage external resources