Public and Affordable Housing Expertise
The attorney at Spivey, Pope, Green & Greer are experts in the area of Public and Affordable Housing in Middle Georgia. Our attorneys have worked with housing authorities, developers, nonprofit organizations, and the U.S. Department of Housing and Urban Development (HUD). We are proud to offer our clients expertise and experience, proven by our recent and past success with the development of affordable housing in the Middle Georgia Federally-Assisted Housing and Community Development Programs area. SPGG’s offers counsel within the following areas and more:
- Low-Income Housing Tax Credit (LIHTC) Development
- Dispute resolution, 2530 clearance, partial payments of claims, and prepayment lockouts
- Public Housing
- Nonprofit Housing
- New Markets Tax Credit Development
- Senior Housing and Assisted Living
With 39.9% of residents with income below the poverty level in Macon alone, the Public and Affordable Housing programs are very important to the livelihood of our community. In order to qualify for low income housing, you must go through the Section 8 housing assistance program. In order to be eligible for the program, you must be elderly (62 years of age or older), handicapped, disabled, single persons or families that are “very low income” according to the HUD definition. These tenants are then able to pay 30% of their “adjusted family income” for rent and utilities.
In the last year, SPGG assisted with the acquisition, purchase, closing, and construction of $136 million to assist the low income communities’ housing projects. Of that $136 million, $71.16 million was invested to 20 of the already existing affordable living communities which amounts to 620 units in 18 Georgia counties. We also helped with converting 450 unites of public housing to Section 8 rentals. This was the first transaction in the Southeast to utilize a Federal Housing Association loan with the Rental Assistance Demonstration program.
SPGG has closed more than $320 million, resulting in more availability of low income housing for those who need it. If you would like to learn more about our Public & Affordable Housing counsel please contact: