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2024 Georgia Initiative for Community Housing
The Albany Georgia Initiative for Community Housing (GICH) Team has experienced significant interest from parties wishing to forward development proposals to the Georgia Department of Community Affairs (DCA) in hope of receiving funding through the Federal Low Income Housing Tax Credit (LIHTC) Program.
Applicants are judged using a highly competitive, point-based scoring system developed by DCA. Final applications for the 9% Federal Credit are due to DCA May 2024. Competitive review applications for the 4% Federal Credit are due to DCA in October 2024. While the criteria and ultimate decision regarding funding lies with the state, the Albany GICH Team is afforded significant opportunity for input.
Should they so elect, the Albany GICH Team, with agreement from the City of Albany Mayor and Board of City Commissioners, may forward a letter of support endorsing one project within Albany and Dougherty County in 202_. As with other criteria, this highly coveted letter results in additional points for the submission.
The Albany GICH Team has established criteria and an associated timeline for applicants seeking the “GICH Point.” Applicants can review proposal information for the Department of Community and Economic Development in the following letter.
GICH Point Application
Applications Due March 29, 2024 by 5 p.m.
Please return completed applications to:
Director, John D. Hawthorne -- johawthorne@albanyga.gov
Department of Community and Economic Development
230 South Jackson St, Suite 315
Albany, GA 31701
P-229.483.7650
F-229.302.1259