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The Eastside Tax Allocation District was established in 2003 to join the Westside TAD in allowing the City to rebuild its Downtown streetscapes and improve its road and utility infrastructure, making Atlanta a more enjoyable place to live, work and play. The Eastside TAD is essential in ensuring that the City of Atlanta maintains its historical position as the commercial center of the metro region. The Eastside TAD, in conjunction with the Westside TAD, will create incentives for new Downtown housing and attract the critical mass of permanent residents needed to make Downtown a vibrant 24-hour activity center. Through carefully planned new development and key quality-of-life infrastructure investments (such as new pedestrian oriented streetscapes and public parking decks), the Eastside TAD will help to create an attractive, walkable Downtown.
Creation of the Eastside TAD also ensures that the City is promoting truly balanced economic growth by directing one of its most effective economic development efforts toward distressed neighborhoods that have suffered from a history of neglect. The TAD can provide initial funding to jumpstart the revitalization of Atlanta’s most historic neighborhood – Sweet Auburn – as well as one of its most frequently traveled streets, the Memorial Drive/Martin Luther King Jr. Drive corridor. The Memorial Drive/MLK communities have an ambitious, thoughtfully conceived master plan in need of implementation funds. Funding for substantial infrastructure improvements is also essential to the redevelopment of the Atlanta Housing Authority’s Grady Homes and Capitol Homes into viable mixed-income communities.
Applications are not currently being accepted for Eastside TAD financing. The funding application will be posted prior to the application period. For more information on the application and approval process, please review the Program Description.
Eastside TAD Redevelopment Plan
Photos of Projects
Eastside TAD Affordable Purchase Program
Eastside TAD Annual Continuing Disclosure Report 2008
Eastside TAD Annual Continuing Disclosure Report 2007
Eastside TAD Annual Continuing Disclosure Report 2006
Lender Training - 2008 Schedule
For more information about Tax Allocation Districts, please contact Amanda Rhein at arhein@atlantada.com or 404-614-8282.
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