Rural Workforce Housing Initiative Notice of Funding Availability

Notice of Funding Availability

OneGeorgia Authority

Equity Program – Rural Workforce Housing Initiative

May 6, 2025

OneGeorgia Authority releases this Notice of Funding Availability (NOFA) for the Rural Workforce Housing Initiative. Funding will be made available to assist local communities with housing development to address a shortage of housing stock that impacts the workforce economy.

The purpose of this NOFA is to outline available financial assistance, in the form of grants or loans, for activities that result in housing that meets the needs of working families and others who may consider relocating to a community for employment reasons. Workforce housing funds will be awarded on a competitive basis to projects that demonstrate an ability to address:

• Ongoing workforce housing needs, as identified by a recent housing study;
• Difficulty satisfying workforce needs in communities or regions with low unemployment; and
• A community or regional commitment to expand and improve existing housing stock.

This initiative is intended to provide a flexible funding source to support any eligible activity that results in workforce housing. Examples of such activities include essential community infrastructure specifically needed to support new housing development, and construction finance for workforce housing.

Grantees will be expected to demonstrate transformational change in workforce housing. OneGeorgia funds are offered to support housing affordability; therefore, resulting cost savings must contribute to the affordability of the per unit purchase price or rent extended to families who ultimately benefit from the activity.

A copy of this NOFA, the Application package, and other related materials will be available on the Department of Community Affairs’ website at the link listed below: https://dca.georgia.gov/financing-tools/infrastructure/onegeorgia-authority/equity-fund/rural-workforce-housing-initiative

 A. Funds Available 

Approximately $34 million is currently available for this initiative. This NOFA is applicable only to applications submitted for the July 2025 cycle. The amount of funds available may be increased or decreased at the Authority’s discretion.

B. Grant And Loan Funding Limitations 

Infrastructure grants are limited to no more than $2,500,000 per application and development. Construction finance is limited to no more than $1,000,000 per applicant and development phase. For construction loans, exceptions may be considered for larger developments where the initial loan has been fully repaid. The Authority reserves the right to fund, in whole or in part, any, all, or none of the applications submitted in response to this NOFA. Applications for less than $250,000 will not be accepted; however, the Authority reserves the ability to waive minimum and maximum funding limits at its discretion. The Authority will only approve one investment per development.

C. Local Government Commitment And Matching Funds 

The applicant should pay for the engineering design of the publicly owned infrastructure. Applications are expected to leverage other sources of funding – private debt or equity, philanthropic support, or other public funds. The level of local public and private investment will factor into an application’s overall competitiveness. For developers seeking assistance with construction finance, there is not a specific matching requirement. However, local government commitment/ support is required, i.e., expedited permitting, reduced local fees, expedited inspections, etc. Financing requirements are outlined in Section F. Communities located in an OneGeorgia “Non-eligible” county are not allowed to apply or receive grant funds. Local public and private investment will factor in an application’s overall competitiveness.

D. Eligible Applicants 

Units of general-purpose local government (e.g., city, county, consolidated government), as well as local, regional, and state authorities, generally in partnership with a housing developer, are eligible to apply. For purposes related to this initiative, the OneGeorgia Authority, through the Georgia Housing Finance Authority (GHFA), will also consider loans to private developers, including not-for- profits and community housing development organizations; however, these will require active engagement with the local government. Prospective applicants should consult the GHFA with questions about eligibility. Applications for loans will be submitted to the GHFA with questions about eligibility. Questions regarding construction loans can be addressed to Jimish Patel: [email protected]

Additional eligibility requirements include the following:

• Initial Project Assessment (pre-application) is REQUIRED to be submitted via email to [email protected] at least 30 days prior to the submission of the full application.
• Applicants may only submit applications for activities within OneGeorgia eligible and conditionally eligible counties. For purposes of this initiative, both eligible and conditionally eligible counties are considered eligible.
• Local government applicants must be in compliance with the audit report and grant certification form submission requirements contained in O.C.G.A. 36-81-7 and 86-81-8.1.
• Local government and authority applicants must be current and in compliance with all reporting, audit, and survey requirements, as required by statute.
• Prior recipients of OneGeorgia funding must resolve any outstanding audit and/or compliance monitoring findings or deficiencies prior to submitting an application. Sanctions associated with any other OneGeorgia grant will also apply to this initiative.

E. Eligible Activities 

This initiative is intended to provide flexible funding to support the expedited development of publicly owned infrastructure that supports the development of workforce housing. Any OneGeorgia eligible activity will be considered for funding, subject to the following overarching objectives.

• Any development designed to result in for-sale, single-family housing is expected to produce new housing supply with a sale price of no more than $290,000 and no less than $125,000. The sale for any purpose other than owner-occupied housing, or the sale of more than a single parcel to any one entity is not permitted.
• Any development designed to result in single- or multi-family rental housing must adhere to per
  unit costs of not more than $290,000 per unit nor less than $125,000 per unit. Generally, properties must provide at least two bedrooms with essential services, and rental rates that are affordable to households earning up to 100% of median area income where affordable is defined as consuming no more than 30% of the average household income and maintained for a period of at least 10 years.
• Sale or lease activities not compliant with the parameters set forth under this NOFA are subject to penalties that will be addressed in the award documentation.
• Rural Workforce Housing funding may be layered in project financing that includes other sources of public funds, e.g., HOME, CDBG, National Housing Trust Fund, or Tax Credits. However, applications will be scored based on overall competitiveness, which includes an appropriate mix of private and public financing. This program is not intended to provide gap financing for developments that are already substantially financed through other public funding programs.
• Developments must comply with state environmental and historic preservation requirements.
• When the total project costs exceed the minimum amount of the Georgia Public Works Construction Law, all state procurement requirements must be met.
• If the development is phased development all area(s) of the development where OGA is funding the infrastructure, must comply with the sales price or rental price requirements.

F. Application Procedures 

The application process will differ slightly depending on the type of financial assistance requested.

Infrastructure Applications

• Applications for infrastructure funds are REQUIRED to complete an Initial Project Assessment meeting with the DCA Regional Representative and to submit a pre-application to satisfy baseline eligibility requirements. The pre-application is due 30 days prior to the full application. Through this process, applicants will be offered technical assistance prior to Application submission. Applicants should be mindful of this requirement and the associated turnaround time (typically two weeks) in order to meet established Application deadlines.
• Each completed Application will first be reviewed to reconfirm eligibility and determine completeness. Then, Applications will be thoroughly vetted and competitively scored.
• The full application must include but are not limited to: a preliminary engineering report; copy of the warranty deed; and audited financials of the applicant.
• The Authority will consider recommended Applications and make a final determination on any and all awards.

Construction Finance Applications

• Applications for construction finance are required to include private financing. In order to better coordinate with private lenders, Applications will be accepted on a rolling basis so long as funds remain available.
• Low-interest construction financing (0%-3%) will be available for up to 40% of total development costs or $1,000,000 maximum. The expectation is that developers will contribute 10% of the total costs and finance at least 50% through other sources.
• The GHFA will work directly with developers who have gained support of the local government entity and have secured at least 50% financing from a private lender for the loan funds. Underwriting will be conducted by the Georgia Housing Finance Authority and the Department of Community Affairs.

G. Application Deadlines And Award Announcements 

For infrastructure requests, pre-applications and full Applications must be submitted online. The link to access the pre-application and the Application can be found at: https://dca.georgia.gov/rwhi-documents-downloads. (Hard copy applications will not be accepted.) Fiscal Year 2026 submission deadlines are as follows:

• July 11, 2025 for September consideration

For construction financing, Applications will be accepted and awarded on a rolling cycle so long as funds are available. Loan applications can be submitted here: Georgia DCA - RWHI Construction Loan Application (emphasys-hft.com)

Successful applicants will receive written notice of award, including all necessary grant or loan documents, requirements, timelines, and other details.

H. Special Conditions For Approved Awards 

• All approved awards are subject to special conditions. Special conditions include but are not limited to the following:
• Prior to the drawdown of funds, the recipient must submit for OneGeorgia Authority approval final executed copies of the bid specifications and tabulations and contract(s) (includes copy of executed contract, Bid bond, Performance bond, Payment bond), for the proposed project. (Please submit all required documents at one time).
• Prior to the drawdown of funds, a copy of an executed agreement between the grant recipient (city, county, or authority) and the housing developer. This agreement should state the number of housing units being built, type of housing units being built, projected sale price, and any public/private investment from each entity.
• Prior to the drawdown of funds, provide a copy of documentation for right-of-way easements from the developer to the local government.
• Prior to the closeout of the award, copies of the executed purchase/sales agreement between the buyer/seller need to be made available for inspection. Agreements should be able to prove than no more than one home/housing unit was sold to the same individual.

I. Restrictions For Awards 

• Homes must be sold for no more than $290,000 and no less than $125,000.
• Buyers are restricted to no more than one unit in any funded development.
• Rental units must satisfy the affordability requirements for a period of at least 10 years.
• The applicant must pay for engineering associated with the infrastructure portion of the project.
• Infrastructure/utility contracting firms shall be ineligible to bid on or receive a contract for infrastructure installation if any individual serves as a principal in both entities.

J. Timeframe For Completion 

OneGeorgia funds are intended to facilitate the expedited development of workforce housing within the state of Georgia. The project must be completed, including infrastructure installation and workforce housing construction, within the timeframe specified in the grant/loan award documentation, which is generally thirty (30) months from the date of award. For the purposes of this funding, “completion” is defined as 1) completion of installation of all infrastructure associated with the project, 2) expenditure of all awarded funding, 3) construction of all housing units proposed within the approved application, and 4) all award closeout procedures have been finalized.

K. Additional Information 

The OneGeorgia Authority is the administrator of the Rural Workforce Housing Initiative. This initiative is subject to funding availability, and the Authority reserves its right to amend the initiative at any time. Use of funds is subject to all applicable state laws and regulations, as well as to the policies and requirements of the Department of Community Affairs and OneGeorgia Equity program.

For additional information, please contact Gina Webb, OneGeorgia Authority Director.