Sweet Auburn Predevelopment and Technical Assistance Program
Supporting Legacy and Mission-Aligned Owners in Atlanta’s Historic Neighborhood
About the Program
In early 2019, Central Atlanta Progress (CAP) and Invest Atlanta launched the “Sweet Auburn Technical Assistance and Predevelopment Fund (Program)" an innovative grant program that provided key resources to mission-aligned organizations to advance development in the historic Sweet Auburn neighborhood. The effort has committed over $1.7 million in programmatic and real estate resources to the neighborhood.
The partnership deployed strategic resources to help ameliorate identified obstacles to real estate development and economic vibrancy in the historic Sweet Auburn area, as well as assisted property owners in compiling a more competitive and mission-aligned Eastside TAD application.
Impact to Date
The Program assisted 20 distinct sites in the neighborhood, and over 35 unique scopes of work, ranging from design services, financial feasibility analysis, historic tax credit consultancy, and market analysis. The early infusion of capital led to the successful award of an additional $7.3 million in Eastside TAD construction funding. In total, the predevelopment work is supporting an estimated pipeline of $400M worth of real estate investment potential.
The program placed a heavy emphasis on partnership with minority and women-owned business enterprises to carry out the technical assistance. To-date, 50% of consultants hired were minority-women business enterprises, minority-owned business enterprises, or women-owned business enterprises.