DeKalb County BOC approves historic $155M Housing Investment Bond Program

DECATUR, GA – In a historic step toward expanding housing opportunities across DeKalb County, the DeKalb County Board of Commissioners on July 14 approved a $155 million Housing Investment Bond Program, launching the County’s most ambitious housing investment initiative to date.

The program is expected to leverage more than $1.2 billion in total public and private housing investment, supporting the creation and preservation of more than 10,000 housing units while advancing DeKalb County’s long-term goal of 15,000 housing units by 2032.

The initiative will expand affordable housing, preserve existing housing, increase homeownership, revitalize neighborhoods, and strengthen services for residents experiencing homelessness through a coordinated portfolio of innovative housing programs designed to serve residents across the entire housing continuum.

DECATUR, GA – In a historic step toward expanding housing opportunities across DeKalb County, the DeKalb County Board of Commissioners on July 14 approved a $155 million Housing Investment Bond Program, launching the County’s most ambitious housing investment initiative to date.

The program is expected to leverage more than $1.2 billion in total public and private housing investment, supporting the creation and preservation of more than 10,000 housing units while advancing DeKalb County’s long-term goal of 15,000 housing units by 2032.

The initiative will expand affordable housing, preserve existing housing, increase homeownership, revitalize neighborhoods, and strengthen services for residents experiencing homelessness through a coordinated portfolio of innovative housing programs designed to serve residents across the entire housing continuum.

Unlike traditional housing initiatives funded primarily through one-time grants, the Housing Investment Bond Program establishes a long-term investment platform that combines revolving loan funds, strategic public investments and catalytic partnerships to maximize public resources and create a sustainable source of housing financing for years to come.

The program will be implemented through a collaborative partnership involving the CEO’s Office of Housing, the Housing Authority of DeKalb County, Decide DeKalb Development Authority, the DeKalb Regional Land Bank Authority and the Community Development Department. Together, these organizations will implement a coordinated portfolio of housing initiatives designed to address housing needs at every stage—from preserving affordable rental housing and expanding homeownership opportunities to revitalizing neighborhoods and providing comprehensive services for residents experiencing homelessness.

“The Housing Investment Bond Program is designed to address every stage of the housing continuum because there is no single solution to today’s housing challenges,” said Alan Ferguson, Ph.D., Chief Housing Officer for DeKalb County. “Whether we’re preserving naturally occurring affordable housing, helping a first-time homebuyer achieve the dream of homeownership, revitalizing a struggling neighborhood or helping a family transition from homelessness into permanent housing, each investment is part of a larger strategy to create stronger neighborhoods, expand opportunity and build long-term housing stability throughout DeKalb County.” 

The Housing Investment Bond Program includes:

• Multifamily Acquisition Fund – Preserves naturally occurring affordable and workforce housing through strategic acquisition, rehabilitation and long-term affordability.
• DeKalb Housing Catalyst Fund – Accelerates affordable and mixed-income housing development through revolving gap financing that creates a sustainable source of future housing investment.
• Revive DeKalb Program – Acquires, assembles and redevelops blighted, vacant and abandoned residential properties while protecting homeowners and revitalizing neighborhoods.
• DeKalb HomeStart Program – Expands homeownership opportunities through down payment assistance, closing cost assistance and interest rate buy-downs for income-qualified homebuyers, with enhanced assistance for first responders and other eligible public servants.
• DeKalb BrighterHome Program – Helps seniors, veterans, persons with disabilities and long-term homeowners remain safely in their homes through forgivable rehabilitation assistance for critical repairs.
• Transitional Housing and Homeless Program, including the Road to Home/SafeSpace DeKalb Initiative – Expands transitional housing, supportive 
• services, housing navigation, coordinated entry and innovative programs that help individuals and families transition from homelessness or vehicle residency into permanent housing.
• Housing Capacity Building Seed Fund – Strengthens nonprofit developers, faith-based organizations, emerging developers and strategic redevelopment partnerships while expanding the County’s affordable housing development pipeline through initiatives such as the Land to Legacy Faith-Based Community Development Cohort, NSIDE DeKalb Development Cohort and the DeKalb Regional Land Bank Authority Partnership.

Designed as a revolving investment platform, the Housing Investment Bond Program will leverage public investment with private capital, allowing every public dollar invested to generate additional housing opportunities while creating a sustainable financing model that continues supporting affordable housing for years to come.

Housing Investment Bond Program by the Numbers

• $155 million Housing Investment Bond approved by the Board of Commissioners
• More than $1.2 billion in projected public and private housing investment
• More than 10,000 housing units created and preserved
• 15,000 housing units targeted by 2032
• Comprehensive investments spanning affordable housing, homeownership, neighborhood revitalization and homelessness response

The initiative reflects DeKalb County’s long-term vision of creating stronger neighborhoods, expanding economic opportunity, increasing housing choice and ensuring every resident has access to safe, quality housing.