Apply For Funding
Interested applicants are invited to submit a Letter of Intent (LOI) along with
the required documents. Applications are accepted on a rolling basis and
incomplete applications will not be considered. Upon determination of project
eligibility by the Underwriting Committee, applicants will be required to
complete a full application and submit a $500 application fee.
The lending guidelines and framework for MBCAHF are driven by the following guiding principles:
1. MBCAHF is guided by its mission to support the development and
preservation of more affordable housing in Macon-Bibb County as a
response to the current housing crisis. It strives to prevent future affordable
housing supply shortages in Middle Georgia.
2. MBCAHF seeks to garner community input to guide its work to provide a
flexible source of capital that is responsive to the needs of community
members in need of greater affordable housing access and to affordable
housing developers committed to creating solutions.
3. MBCAHF prioritizes serving lower income households through its products
and programs.
4. MBCAHF seeks to increase homeownership opportunities that support
wealth- and asset building for families and stabilize communities.
5. MBCAHF seeks to diversify available affordable housing stock in Macon Bibb
County by providing capital to finance:
a. A variety of housing types, including multifamily and single-family
rental, single-family homeownership, and efficiencies.
b. A variety of development types, such as new construction infill, and
acquisition or rehab of existing housing
c. Housing affordable to a wide range of income levels up to 120% of
Area Median Income (AMI).
6. MBCAHF seeks to build the capacity of local developers with an emphasis
on minority-owned development firms.