AUD has several incentive programs for which property owners and developers can apply. These programs can be leveraged separately or may be layered within the same project. For projects seeking multiple incentives or to learn about programs offered by other City-affiliated organizations, use the City of Atlanta's Multifamily Incentive Common Intake Form.
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Private Enterprise Agreements (PEA)

Private Enterprise Agreements are partnerships between private-sector property owners and AUD to provide affordable housing by offsetting rent reductions with property tax exemption on low- and moderate-income units. AUD, as a wholly-owned subsidiary of Atlanta Housing, is authorized to create PEAs by Georgia Code §8-3-3 ff.
State law requires that AUD maintain an ownership stake in projects using a Private Enterprise Agreement. AUD requires a ground lease agreement (where AUD is the ground lessor) to fulfill this requirement.

Submission Requirements
‍PEA submissions must include:

• Pro forma of the project, modeling compliance with the PEA affordability requirements
• Documentation that substantiates quoted market rents (ex. Rent rolls, market study, broker opinion)

‍In addition to its basic affordability requirements, AUD values projects that improve the quality of life of residents and address various priority groups, geographies, and policies. Submissions should also include a project summary that describes any of the following:

• Geographical, social, and economic benefits of this project to the surrounding community.
• How the project serves target populations (seniors, youth up to age 25, families with school-aged children, those at-risk of or experiencing homelessness).
• Resident services, anti-displacement, eviction diversion programs, or innovative approaches to property management.

Property owners must email their submission to AUD at admin@atlurbdevco.com. An AUD project manager will confirm receipt and review the proposal in three to five business days. Submissions not received in this email box may be delayed.
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Mezzanine Financing thru the Housing Production Fund (HPF)

HPF is a mezzanine debt product that provides 15-20% of construction costs to a project at low rates. HPF is designed to revolve every 3-5 years via refinance. HPF is used primarily for AUD’s public land developments and AUD’s funding is currently fully allocated.  AUD will announce availability of funding if it becomes available.
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Permanent Low-Cost Financing

AUD, in collaboration with other city-affiliated agencies, intends to access low-cost permanent financing through the municipal and tax-exempt bond markets, reducing cost-of-capital and debt coverage over the lifetime of the project. This program is still being established and there is currently no funding available. AUD will announce the availability of funding if it becomes available.