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Macon‑Bibb Affordable Housing Fund commits $2.5 million to build homes, outlines bridge‑loan strategy
Summary
Natalie Boyette, executive director of the Macon‑Bibb County Affordable Housing Fund, told the Make It Macon podcast the fund has committed $2.5 million to initial homebuilding and is using bridge loans, down‑payment assistance and matched grant requests to speed projects and leverage roughly $20 million in additional financing.
Natalie Boyette, executive director of the Macon‑Bibb County Affordable Housing Fund, said the fund has committed $2,500,000 to support initial homebuilding and related programs and plans to reuse repaid proceeds to finance future projects. “We're committing $2,500,000 to build these homes,” Boyette said on the Make It Macon podcast.
Boyette described the fund as a local partnership formed by Mayor Miller, Alex Morrison at the Urban Development Authority, Mike Austin at the Housing Authority and Everett Verner at the Land Bank Authority. She said the fund will offer a mix of flexible structured loans, initial development support and down‑payment assistance so developers and buyers can close projects that otherwise would stall.
The fund is serving several roles, Boyette said: taking early development risk in…
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