Atlanta Approves Housing Development and Preservation Bond Program
Atlanta's Housing Development and Preservation Financing Bond Program is now active, giving the city a new tool to fund affordable housing development and preservation.
Atlanta has approved the Housing Development and Preservation Financing Bond Program, moving it from proposal to active policy. The program will finance new affordable housing development and preservation of existing affordable units citywide.
The program uses bond financing, allowing the city to borrow against future revenue to fund housing work upfront. Funds go to developers and housing providers that commit to affordability requirements.
As a policy initiative rather than a single project, the program applies citywide. Its tracking data reflects an affordable housing component tied to its financing activity.
The program is expected to work alongside existing local affordability tools, including tax allocation district set-asides and inclusionary zoning in certain districts. Next steps include issuing bonds, establishing guidelines for eligible projects, and selecting developments to receive financing.
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