Leveraging an initial $15M for a total fund of $100M
The Revolving Residential Construction Loan Program provides acquisition and construction financing for residential development and rehabilitation projects within DeKalb County, with a specific emphasis on leveraging private third-party capital.
How It Works
Program funds are issued as construction, mezzanine, or bridge loans to support rental and for sale housing developments:
- Up to 70% of the eligible total development cost
- Structured as senior or subordinate loans, loan participations, credit enhancements, construction lines of credit, or other financing mechanisms designed to attract private lenders, community development financial institutions, banks, or impact investors.
Eligible Uses of Funds
- Land acquisition
- Site preparation
- Vertical construction
- Rehabilitation, and
- Eligible soft costs
How to Apply
Program launch is anticipated in Summer 2027.