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This year Invest Atlanta decided to streamline the application funding process for the development community by offering a two-tiered application.
| Exploratory Application |
| - Must provide all the standard development information. |
| - Must provide market study. |
| - Consultation with the Invest Atlanta underwriting team to determine project feasibility and next steps. |
- Nonrefundable Application Fee in the amount of $250.00 at time of submission; this fee can be credited to the general application pending satisfactory underwriting. |
| General Application |
| - Must provide all the standard development information. |
| - Must provide all third-party reports. |
| - Consultation with the Invest Atlanta underwriting team to determine project feasibility and next steps. |
- Nonrefundable Application Fee in the full amount at time of submission (fee is program specific, please see program descriptions).
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Application Flyers:
Press Release 2012 Funding Applications
Press Release BAHTF 2012 Applications
Although the Exploratory Application is recommended, it is not required and developers have the option to submit a general application for funding.
Current Financing Programs:
2012 Developer Funding Program Descriptions
Current Funding Availability:
Current Funding Availability 1Q2012
Throughout the US and Atlanta, a new trend has emerged and it's all about the central city. People are moving back in town and for good reason: close proximity to jobs, restaurants, theater, shopping; less time spent in cars; less lawn maintenance; and the desire to be close to the action. By 2030, the Atlanta region will see the population increase by 2.3 million people -- a whopping 40% increase! If we do not address the lack of available workforce housing within the City of Atlanta now, the average working-class person will continue to be forced to move to the suburbs, thus exacerbating the problems associated with sprawl: traffic congestion, pollution, water quality and quality of life.
"10
Reasons Why Developers Should Enter Into Public/Private
Partnerships"
NBIZ Magazine, Spring 2006
The opportunity for builders and developers is this -> 60% of 2030 development will be built after 2000. The population as a whole in metro Atlanta is aging. We will see the percentage of people over age 55 increase from 21% to 31% by 2030. The number of families with school age children will decrease in metro Atlanta from 36% to 25% of total households by 2030. Where will these people want to live? For many, the answer is Atlanta->s central city.
Atlanta is currently one of the least dense cities in the US. Opportunities exist within the City to increase the supply of workforce housing and accommodate a larger share of the growth for the region.
Part of Invest Atlanta's charge is to increase the inventory and availability of workforce housing and revitalize communities within the City of Atlanta. Our URFA and TAD programs are designed to do just that. By working together, we can create a vibrant and healthy City of Atlanta for future generations to enjoy.
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