Downtown Facade Improvement Program Approved
The much anticipated Facade Improvement Program was approved this morning at the Invest Atlanta Board of Directors meeting. The program has earmarked up to $2 million of Westside TAD tax increment and up to $3 million of Eastside TAD tax increment to launch the program which will provide technical assistance and cash grants to property and business owners for the rehabilitation of commercial facades.
Funds will be allocated for improvements that contribute to the visual enhancement of a subject property as viewed from the public right-of-way and include everything from paint and lighting to windows, canopies and sidewalk repairs. Business owners are eligible to receive between $10,000 and $200,000 and property owners are eligible to receive between $20,000 and $400,000.
Applicant must invest one third of total project costs. Official documents and application forms should be available late December/early January. For more information on the program contact Tarnace Watkins at Invest Atlanta.