city OF ATLANTA, Dept. of Housing and Community Development Awards Financial Services Contract to Preservation of Affordable Housing Inc (July 2025)
city OF ATLANTA, Dept. of Housing and Community DevelopmentLocal Housing Authority · Atlanta, GA- Disclosed value
- Infrastructure Grant not to exceed $3,103,675; Permanent Subordinate Loan not to exceed $1,537,441 at 2% interest for up to 40 years; 25% share of developer fee and 25% GP interest; asset management fee of at least 1% of EGI
- From minutes
- Approved
- Jul 23, 2025
The 30-second brief
Atlanta Housing approved negotiations with a joint venture including Preservation of Affordable Housing, Inc. to redevelop the Johnson Road site under a Master Development Agreement. The structure includes an AH-funded infrastructure grant and subordinate loan plus a 65-year ground lease and shared developer fees and partnership interests.
Preservation of Affordable Housing Inc holds this financial services contract with city OF ATLANTA, Dept. of Housing and Community Development. Its other public contracts on record include work for Town of Orleans and Ohio Housing Finance Agency.
Term as filed: Ground lease for rental phases anticipated at 65 years; permanent subordinate loan term not to exceed 40 years; development phasing with first phase closing within 15 months of MDA execution and last phase closing within four years, COs within six years.
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Contract details
- Contract type
- Financial Services
- Amount
- Infrastructure Grant not to exceed $3,103,675; Permanent Subordinate Loan not to exceed $1,537,441 at 2% interest for up to 40 years; 25% share of developer fee and 25% GP interest; asset management fee of at least 1% of EGI
- Document date
- July 23, 2025
- Term
- Ground lease for rental phases anticipated at 65 years; permanent subordinate loan term not to exceed 40 years; development phasing with first phase closing within 15 months of MDA execution and last phase closing within four years, COs within six years
- Source document
- Housing Authority of the City of Atlanta Board of Commissioners Minutes 2025-07-23 (Minutes)
Preservation of Affordable Housing Inc's other public contracts
More city OF ATLANTA, Dept. of Housing and Community Development contracts
Questions about this contract
Who was awarded the financial services contract by city OF ATLANTA, Dept. of Housing and Community Development?
Preservation of Affordable Housing Inc was awarded this financial services contract by city OF ATLANTA, Dept. of Housing and Community Development, as recorded on July 23, 2025. The contract value is Infrastructure Grant not to exceed $3,103,675; Permanent Subordinate Loan not to exceed $1,537,441 at 2% interest for up to 40 years; 25% share of developer fee and 25% GP interest; asset management fee of at least 1% of EGI.
How much is the Preservation of Affordable Housing Inc contract with city OF ATLANTA, Dept. of Housing and Community Development worth?
The Preservation of Affordable Housing Inc contract with city OF ATLANTA, Dept. of Housing and Community Development is valued at Infrastructure Grant not to exceed $3,103,675; Permanent Subordinate Loan not to exceed $1,537,441 at 2% interest for up to 40 years; 25% share of developer fee and 25% GP interest; asset management fee of at least 1% of EGI, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Housing Authority of the City of Atlanta Board of Commissioners Minutes 2025-07-23 (Minutes), dated July 23, 2025 from city OF ATLANTA, Dept. of Housing and Community Development. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Preservation of Affordable Housing Inc hold?
Preservation of Affordable Housing Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is city OF ATLANTA, Dept. of Housing and Community Development currently buying?
Explore city OF ATLANTA, Dept. of Housing and Community Development's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.