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Invest Atlanta reports $42M in 2025 TAD awards, $4.46M in water-recovery grants and BeltLine funding status
Summary
Invest Atlanta presented results from its water-recovery small-business grants, summarized 14 active Tax Allocation District projects with $42M in TAD financing awarded in 2025 and updated the BeltLine Special Service District bond spending and remaining balance.
Invest Atlanta told council it has awarded more than $4.45 million in water-recovery grants to small businesses affected by the 2024 water-main disruptions, and that in 2025 awards it approved $42.0 million in Tax Allocation District financing to leverage roughly $273 million of private investment.
Eloisa Kometic, president and CEO of Invest Atlanta, introduced staff who updated the council. Laurie (economic development lead) said the water-recovery program delivered "$4,458,000 in total grants awarded, with an average grant amount of $9,446.61" and cited a beneficiary business owner who kept doors open because of the program. Jennifer Fine summarized 14 projects approved in 2025 across the city's eight active TADs: Invest Atlanta awarded about $42,000,000 in TAD financing, leveraging $273,000,000 in private investment and creating 682 housing units, 302 of which will be income-restricted at area median income bands between 30% and 80%.
Invest Atlanta described specific projects: adaptive reuse and housing conversions at 143 Alabama with a phased approach that includes 50 affordable units (phase 1B) and a future phase of 151 units; a BeltLine-adjacent adaptive-reuse loft project with 126 apartments supported by a $3 million BeltLine TAG grant; and other small-business and infill housing projects that TAD financing supported. Nino Chapetta, CFO, reported the 2021 BeltLine bond proceeds had about $18.6 million remaining and anticipated those funds would be spent by the end of FY 2026.
Councilors asked about program details: Council member Jason Dozier queried the Local Legacy business program uptake and TAD term assumptions; Invest Atlanta staff said the APS (Atlanta Public Schools) portion of some corridor TAD support extends to 2050 per the 2018 omnibus agreement, while Fulton County's portion does not necessarily extend that far. Kometic said Invest Atlanta is exploring multiple funding options for BeltLine transit, including philanthropic, federal and TAD sources.
Why it matters: TAD financing is a key public tool to catalyze development, affordable housing and small-business activation in targeted corridors. The water-recovery grants were framed as rapid-response support for businesses harmed by infrastructure failures.
Next steps: Invest Atlanta will finalize project closeouts, continue TAD project oversight and explore financing pathways for BeltLine transit and trail completion.
