ARPA Affordable Housing Phase 1

Purpose:

  • 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

Budget

Revenues    $11,000,000

Expenses    $  1,733,334 – NDAP First Allocation

                    $  160,550 – Affordable Housing Investment Strategy

                    $  4,000,000 – NDAP Second Allocation     

                    $  5,106,116 – Available for Phase I Awards

Application Process & Timeline

ARPA Affordable Housing Timeline


Staff Recommendation Presentation