City of Atlanta Incentives
Tax Allocation District (Tax Increment) Financing
Almost all of Downtown falls within one of two Tax Allocation Districts (TAD) – Eastside and Westside. TADs offer developers a method of paying for public improvements within these districts via the increases in tax revenue resulting from the revitalization of this district. Tax allocation bonds are used to finance these redevelopment costs within a TAD. The bonds are issued on a pledge of the projected increase in ad valorem revenues from the proposed TAD redevelopment for their repayment. Call Invest Atlanta at 404-880-4100 or view more details here.
Tax-Exempt Bond Financing from Urban Residential Finance Authority (URFA)
This citywide incentive provides loans to developers of the proceeds of bonds sold by URFA. The proceeds, which must go toward permanent financing for the development, are intended to encourage affordable housing with a mix of market rate units. More information can be found here, or contact URFA at 404-880-4100.
Housing Opportunity Bond Financing from Urban Residential Finance Authority (URFA)
This fund provides below market rate loans to developers planning mixed-income rental housing in the City of Atlanta. More information can be found here, or call URFA at 404-880-4100.
Business Improvement Loan Fund
Provides financing to businesses for additions and improvements to commercial, industrial and mixed-use property to encourage revitalization and support commercial and industrial development in designated areas. View more information here or call the Atlanta Development Authority at 404-880-4100.
The Phoenix Fund
The Fund assists small and medium-sized businesses with affordable loans up to $100,000 and provides financial assistance for the construction or renovation of privately owned commercial buildings, equipment purchases, etc. Call Invest Atlanta at 404-880-4100 or see more information here.
New Market Tax Credits from Invest Atlanta
Invest Atlanta has been awarded $80 million of New Market Tax Credits from the U.S. Treasury to be used as gap financing for projects within Downtown Atlanta. Developers of commercial projects can save up to 20% of development costs through access to below market rate loans or equity investments. Contact Invest Atlanta for more information at 404-880-4100 or here.
Atlanta Neighborhood Development Partnership (ANDP) Programs & Loan Funds
ANDP’s Community Investment & Redevelopment Loan Fund makes predevelopment, construction, bridge land acquisition and other loans to spur affordable and mixed-income housing developments. View more information here or call 404-522-2637.
Land Bank Authority (LBA)
The Fulton County/City of Atlanta Land Bank Authority has the power to extinguish tax liens and resell tax-foreclosed properties to support their development as tax paying properties. More information about the LBA can be found here, and staff can be reached at 404-525-9336.