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Overview

The Housing Authority of Clayton County (HACC) has offered a number of housing programs and initiatives since its founding in 1982. Historically, HACC has served as a financial conduit providing incentives for developers to construct or rehabilitate multi-family residential housing options within the community. HACC serves as a vehicle for financing local developers who wish to build, maintain, or revitalize quality housing in Clayton County. HACC has assisted in financing the purchase and improvement of properties throughout the county, bringing a higher quality of live, work, play housing options to the community. The number of bond financed projects has increased over the years and HACC is ready to connect with serious benefactors who strive to improve Clayton County one community at a time. 

Bond Program/Bond Financing (1982-Present)

The Housing Authority of Clayton County ("HACC" or the "Authority") considers applications for tax-exempt financing needed to acquire land and/or improve, construct, or rehabilitate proposed or existing multifamily housing developments. HACC acts as a conduit for the developer to obtain a lower interest rate thus strengthening the financial feasibility of a project. The reference to "tax-exempt" applies to the interest paid by the project developer to "bondholders" for Federal income tax purposes and does not exempt the project from any usual and customary tax assessments. Developers must arrange financing and must also secure approvals on site plans, construction drawings and specifications as well as satisfy any applicable zoning ordinances. Further information regarding these approvals may be obtained from the appropriate local governmental departments.

Please click here to express your interest in receiving an Inducement Letter Application and Guidelines to initiate the partnership with HACC. 

The Inducement Letter Application (the "Application") and Program Guidelines for Multifamily Facilities Financing Program (the "Guidelines"), are for use by developers who wish to participate in the Authority's multifamily housing finance program.   The document provides an outline for the application and approval process. Also, there-in the applicant will find the policies and requirements of HACC in issuing its bonds for multifamily housing purposes. Applicants are encouraged to have a preliminary discussion with HACC's designated representatives prior to submitting their application. A thorough understanding by both parties of the development and HACC's requirements will help ensure a successful process.

Applications must be submitted at least thirty (30) days prior to the HACC Board of Commissioners meeting date. If not timely received, the application will be considered at the next regularly scheduled meeting. In addition to the completed application with all attachments, applicants should submit a cover letter requesting inducement and pay a non-refundable fee of $2,500.00 for Applications to be considered complete.

After submission of the Application, HACC will notify Applicants of the time and date that the Application will be considered. It is in Applicants' best interest to attend and give a personal summary of the project and to answer any questions that the HACC Board of Commissioners might have. If you desire, other parties interested in the development may also attend.

Beneficiaries of Bond Financing: