Invest Atlanta reports nearly $1 billion in capital investment, details anti-displacement tax relief and TAD-funded projects

Invest Atlanta reported to the Community Development and Human Services Committee on Oct. 28 that the agency has exceeded its capital investment goal for 2025, with $976 million in total capital investment through Sept. 30. Eloisa Clementich, chief executive officer and president of Invest Atlanta, told the committee the agency's customer satisfaction score averaged 4.6 this year, above its 4.3 goal, and highlighted the agency's work on affordable housing, small-business support and tax-allocation district projects.

Clementich said 1,180 affordable housing units have been financed through CPACE and other tools to date, representing about 62% of Invest Atlanta's 1,900-unit goal for the program. She said new jobs attributable to financed projects total 3,094, or roughly 88% of the year's target.

'One of the most important measures for us is the total economic impact,' Clementich said, summarizing Invest Atlanta's emphasis on direct, indirect and induced impacts of projects funded or supported by the agency.

Clementich described the agency's anti-displacement tax relief program for senior homeowners as creating an 'artificial ceiling' on property taxes, with the fund paying the differential so an eligible senior pays the same amount for a capped period. She said 425 senior homeowners are currently enrolled, with 328 new enrollees this year and 97 recertifications from the prior year. The average participant age is 73. Clementich noted one enrolled household in Council District 4 experienced a $2,781 tax increase in a single year.

On small businesses, Clementich reviewed a targeted recovery package for businesses along Cascade that includes three components: a $50,000 direct cash grant component (component 1), $10,000 in technical-assistance funding (component 2) and a one-time reimbursable grant for mitigation work (component 3) such as installing P-traps. She said 27 applications were received for the cash-grant round, 24 were approved, two remain under review and one was denied because the business no longer operates at the Cascade address. Checks for approved applicants were being mailed in October, and the technical-assistance phase began Nov. 1.

Clementich also provided an overview of activity in Atlanta's TADs. Invest Atlanta reported eight active TADs with 34 projects and about $77.5 million in tax-increment financing deployed to date. She cited sample awards and projects: a $3 million Eastside TAD grant for South Broad Street streetscape and plaza improvements to strengthen connections between MARTA stations and support large-event programming; an $80 million mixed-use project at 1283 Marietta that will create 238 multifamily units (48 at 50% area median income) and received a $3 million BeltLine TAD award; and several infill and deeply affordable projects in Mechanicsville and English Avenue supported by West Side TAD grants.

Committee members pressed for additional detail on program reach and on the universe of potentially eligible seniors for the anti-displacement program. Clementich said Invest Atlanta conducted an analysis used for fundraising and offered to provide the detailed eligibility estimate to members. She also said the agency is continuing philanthropic outreach to expand the program, noting the anti-displacement fund is supported by contributions rather than general-tax revenue.

Why it matters: Invest Atlanta directs public financing and incentive tools that affect housing affordability, small-business sustainability and catalytic redevelopment. The program-level results Clementich presented—deployment of TIF dollars, the cash grants for Cascade businesses and the tax-relief enrollment—help show how public and philanthropic dollars are being used to preserve affordability and support local merchants.

Provenance: Topic introduction: "Eloisa Clementich" presentation begins at 00:23:06 (transcript block starting 1386.1151). Topic finish: remarks close at about 00:37:12 (transcript block ending 2232.88).