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Sweet Auburn has the potential to become a premier destination for tourism and a cultural exchange for all ethnic and national groups. Sweet Auburn Works is in the business of retaining, recruiting and catalyzing the right mix of businesses to ensure that Sweet Auburn becomes a thriving business district. In order to achieve that status, the district needs multiple, stable and successful businesses, as well as development and investment that balance visitor interests and needs with the desirable components of a livable, local community.
 
Click here for information about available properties, and learn more about investment occurring in our neighborhood!
  
Business
 
Development Authority of Fulton County (DAFC): The DAFC issues taxable and tax-exempt industrial revenue bonds (IRB) for qualified economic development projects. DAFC also provides resources for small busineses, including the Entrepreneur and Small Business Loan (esB) Guarantee Program, Work Ready Reimbursements, Workforce Training Incentives, and information on small business funding.
 
Sweet Auburn is in an Opportunity Zone. Businesses in an Opportunity Zone may be eligible for a tax credit for job creation. The State Department of Community Affairs and Invest Atlanta both offer information on this program. 
 
The Georgia Department of Economic Development offers information on a variety of tax credit programs.  
               
Real Estate
 
Investors may wish to take advantage of tax incentives to support real estate development in this area. Central Atlanta Progress provides information on City of Atlanta incentives, as well as state and federal incentives
 
Invest Atlanta: Invest Atlanta, the City of Atlanta's development authority has an extensive list of development incentives available in Downtown Atlanta. 
 
 
Historic Rehabilitation Incentives:
 
Easements
Easements Atlanta’s, created in 1984, accepts qualified historic preservation easement donations of certified historic and cultural properties within metropolitan Atlanta, and in turn offers perpetual stewardship and potential tax incentives for property owners. A preservation easement is a legally enforceable commitment by a property owner to preserve the facades of a historic structure so that its exterior architectural features remain unchanged in perpetuity. Properties must be National Register-eligible structures. Federal and State income tax deductions can be taken as well as the possibility of other tax advantages related to a property’s decrease in value as a result of an easement donation. Contact Wright Dempsey at director@easementsatlanta.org or 404-688-3353 x16. Visit their website.
 
Landmark Historic Property Tax Abatement
The owner of an income-producing building, which is listed in the National or Georgia Register of Historic Places and has been designated by the City of Atlanta as a Landmark Building or a contributing building in a Landmark District, may obtain preferential property tax treatment. The building must be in standard condition. For purposes of tax assessment for City of Atlanta taxes, excluding bonded indebtedness, the fair market value of the building and up to two acres of land surrounding it, is frozen for eight years at the level existing at the time of application and certification. In the ninth year, the fair market value is fixed at one-half the difference between the frozen value and the current fair market value. The application for this tax freeze must be filed with the county tax assessor’s office by December 31st of the year before the freeze will go into effect. For further information, contact Doug Young, Atlanta Urban Design Commission, 55 Trinity Avenue, SW, Suite 3400, Atlanta, Georgia 30335-0331 (404-330-6145) or dyoung@atlantaga.gov.  Visit their website.
 
Rehabilitated Historic Property Tax Abatement Program
The owner of a building, which qualifies for listing in the Georgia Register of Historic Places and has undergone a major rehabilitation initiated after January 1, 1989, may obtain preferential property tax treatment. For purposes of tax assessment for City of Atlanta taxes, excluding bonded indebtedness, the fair market value is frozen at the pre-rehabilitation level for a period of eight years. In the ninth year, the fair market value is fixed at one-half the difference between the frozen value and the current fair market value. Qualifying rehabilitations must meet the standards promulgated by the Department of Natural Resources and must have increased the fair market value of the building by not less than 50% for owner-occupied residential real property, or not less than 100% for income-producing real property. The application for this tax freeze must be filed by December 31st of the year before the freeze will go into effect. For further information, contact Ced Dolder, Tax Incentives Coordinator, at the Georgia Department of Natural Resources, Historic Preservation Division, 34 Peachtree Street, NW, Suite 1600, Atlanta, Georgia 30303-2316 (404-651-5566) or ced_dolder@dnr.state.ga.us. View information here.
 
Federal Tax Credit Program
If a property is listed on the National Register, the owner or long-term lessee of an income-producing property is entitled to an investment tax credit of up to 20% of the qualified rehabilitation expenses of a substantial, qualified rehabilitation.Call the Georgia Department of Natural Resources at 404-651-5566 or view here.
 
Façade Easements
Tax advantages including federal and state income tax deductions can be taken for preservation easements, or preserving the façade of a historic structure. Call Easements Atlanta at 404-688-3353 or view here.
 
Development Impact Fee Exemption
The owner of a city-designated Landmark Building or a contributing in a Landmark District, which will undergo a rehabilitation or conversion, may obtain a 100% exemption from the payment of Development Impact Fees for building permits associated with the rehabilitation/conversion project. Such an exemption must be obtained prior to the issuance of a Building Permit. For further information, contact Impact Fee Coordinator, Atlanta Bureau of Buildings, 55 Trinity Avenue SW, Suite 3900, Atlanta, Georgia 30335-0309 (404-330-6691).
 
City/County Urban Enterprise Zone Tax Abatement Program
Ad valorem property tax exemptions covering a ten-year period can be obtained by owners of qualifying historic multi-family and non-residential structures located in urban enterprise zone eligible areas. There is no minimum acreage requirement for proposed zones. Tax abatements are also available for commercial, industrial, and mixed-use properties. For housing urban enterprise zones, structures suitable for rehabilitation/renovation must provide a minimum of four multi-family housing units. For further information, contact the Urban Enterprise Zone Administrator at the Atlanta Bureau of Planning, 55 Trinity Avenue SW, Suite 3350, Atlanta, Georgia 30335-0310 (404-330-6145).
 

 
Sweet Auburn Works.  Preserving the Legacy
522 Auburn Avenue, Atlanta GA 30312    Main: 470-240-4909    info@sweetauburnworks.com