The CDHS Committee approved a package of measures intended to preserve and accelerate delivery of affordable housing on city‑owned and other targeted properties.

An amended intergovernmental agreement with the Atlanta Urban Development Corporation (AUDC) authorizes the chief financial officer to transfer up to $500,000 from the Affordable Housing Trust Fund in FY 2026 and to reserve up to $1,500,000 in FY 2027 to support AUDC operations and project delivery. City staff said the original IGA was executed in December 2023 and that AUDC has since approved 13 private enterprise agreements creating or preserving more than 1,200 affordable units.

Separately, the committee approved a substitute ordinance allowing the city to facilitate a term loan from Truist Bank to AUDC with a principal amount of $10,000,000. City officials described the loan as a bridge to preserve roughly 6,23 units (the presenter said 623 units) with 20% targeted at deeply affordable rents (30% AMI or less) and the remainder at rents approximating 80% AMI. Staff said the bridge would close a $10,000,000 gap following roughly $90,000,000 in invested capital and that purchasing at scale would allow an approximate per‑door acquisition price significantly below market (presenter cited $75,000–$150,000 per unit comparisons).

Councilmembers voted to approve the funding and loan authorizations on substitute motions; recorded votes on the substitute showed unanimous favorable action in committee. Staff said the proceeds of any land sale connected to these efforts will form part of the Affordable Housing Trust Fund allocation in the future.