During a presentation to the Gwinnett County Board of Commissioners on February 20, Housing and Community Development Division Director Matthew Elder highlighted several significant milestones for the Affordable Housing Development Fund.

The funding, backed by $18 million in federal funding from the American Rescue Plan Act, aims to fund projects that provide affordable housing units for households at or below 65 percent of area median income.

In August 2023, the County announced the Affordable Housing Notice of Funding Availability with proposals due by October 2023. The response was overwhelming, with a total of 26 proposals submitted, requesting more than $74 million in funding.

This robust response demonstrated a strong market of private and non-profit developers willing to engage in creating affordable housing.

After a comprehensive review, 12 projects have been recommended for a total of $18 million in funding. These projects will develop a total of 999 housing units, with 780 units designated as affordable housing and 219 units as market-rate. Notably, 122 of these units will be for homeownership, while 877 will be for rental.

These milestones represent a significant step forward in addressing the need for affordable housing in the community.

The Board of Commissioners will be asked to consider action at its March 5 work session.