Up to $2.5M per project | $25M total fund
Building housing requires more than a good plan — it requires flexible capital to close the gap. The Housing Catalyst Fund (HCF) delivers subordinate financing to attainable and mixed-income multifamily rental developments, helping projects that serve DeKalb residents get across the finish line.
How It Works
Decide DeKalb provides subordinate loans of up to $2.5 million per multifamily rental project — structured to align with senior debt and equity — in exchange for affordability commitments.
Who is Eligible
- New construction, acquisition and substantial rehabilitation projects
- Minimum 20 rental units
- At least 10 units reserved for households earning up to 120% AMI
- Located in DeKalb County, Georgia
- LIHTC and non-LIHTC projects welcome
Key Financing Terms
- Units reserved for households earning up to 60% AMI: $100,000 per unit
- Units reserved for households earning 61-80% AMI: $75,000 per unit
- Units reserved for households earning 81-120% AMI: $50,000 per unit
- Maximum funding amount per project:$2,500,000
- Interest rates: up to 4.5% based on underwriting
- Loan Terms may extend up to 45 years
- Interest Only periods available, contingent upon financial feasibility
- Debt Service Coverage Ratio: 1.10x – 1.30x (must pay debt)
- Maximum Combined LTV: 95% | Maximum Combined LTC: 90%