DCA explains bond financing and GHFA’s role; bonds are GHFA obligations, not state debt
February 21, 2026 | State Planning & Community Affairs, HOUSE OF REPRESENTATIVES, Committees, Legislative, Georgia
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DCA staff explained how bond financing supports both rental and homeownership programs and how the Georgia Housing and Finance Authority (GHFA) and DCA coordinate. "they are the debts of the Georgia Housing and Finance Authority they are not debts of the state they're not the state has not obligated," a DCA official said, clarifying that GHFA bond debt does not appear on the state’s balance sheet.
Staff described the authorization process: GHFA requests private‑activity bond allocation from the Georgia State Finance and Investment Commission (GSFIC) and has in the past obtained increases in its cap (noted historic growth from $1.3 billion to $3 billion after legislation). DCA said it expects to ask for roughly $225–$250 million again this year to support programs such as Georgia Dream.
Staff described the authorization process: GHFA requests private‑activity bond allocation from the Georgia State Finance and Investment Commission (GSFIC) and has in the past obtained increases in its cap (noted historic growth from $1.3 billion to $3 billion after legislation). DCA said it expects to ask for roughly $225–$250 million again this year to support programs such as Georgia Dream.
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