Request approval of a Resolution consenting to and ratifying the use of Fulton County Ad Valorem property tax increment for projects located in the Westside Tax Allocation District (TAD) Bond District No.1 - Atlanta/Westside: (1) an allocation not to exceed $325,000.00 for the development of affordable multifamily residential units to be renovated in accordance with the historic style of the original structure located at 613 Echo Street, NW, Atlanta, Georgia 30318; (2) a $340,000.00 allocation to provide funding for six affordable rental units located at 400 Paines Avenue, NW, Atlanta, Georgia, 30314; and (3) a $450,000.00 allocation to finance the stabilization and historic preservation of 220 Sunset Avenue, NW, Atlanta, Georgia 30314, which will ultimately lead to affordable multifamily housing. (Morris) (APPROVED)

Committee

Board of Commissioners

Requested by

Board of Commissioners

Introduced

August 11, 2022

On agenda

August 17, 2022

Passed

August 17, 2022