Downtown fa ade improvement grant fund application information session 2
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Downtown Façade Improvement Grant Fund Application Information Session 2. March 13, 2014. Agenda. Introduction About the Fund Program Objectives Eligibility and Requirements Priority Areas Technical Assistance Providers Project Timeline Program Fees Program Contacts

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Downtown Façade Improvement Grant Fund Application Information Session 2

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Downtown fa ade improvement grant fund application information session 2

Downtown Façade Improvement Grant Fund Application Information Session 2

March 13, 2014


Agenda

Agenda

  • Introduction

  • About the Fund

  • Program Objectives

  • Eligibility and Requirements

  • Priority Areas

  • Technical Assistance Providers

  • Project Timeline

  • Program Fees

  • Program Contacts

  • Questions and Answers


Downtown fa ade improvement grant fund

Downtown Façade Improvement Grant Fund


Dfig objectives

DFIG Objectives

  • Enhance the appearance of commercial areas

  • Create safer and more stable neighborhoods

  • Help businesses attract customers and generate increased revenues

  • Support the Atlanta Streetcar and generate ridership

  • Improve the MLK, Joseph E. Boone and Donald Lee Hollowell commercial corridors

  • Leverage private investment

  • Fund projects with critical mass

  • Complement other community revitalization efforts


Dfig eligibility and requirements

DFIG Eligibility and Requirements

Eligibility:

  • Commercial properties in the Eastside and Westside TADs

  • Businesses in the eligible area with consent from the property owner (must have at least 5 years remaining on the lease from the application approval)

  • Properties less than 80,000 sf

  • Properties on the tax role

    Requirements:

  • Selected applicants MUST invest 33.33% of the cost of the project up front

  • Design concepts must be in accordance with area regulations, codes, ordinances and design standards set forth by the City


Dfig eligibility and requirements1

DFIG Eligibility and Requirements

  • Capital improvements visible from public right of way

    • Painting

    • Lighting

    • Windows

    • Doors

    • Stucco/brick/tile

    • Historic restoration

  • Associated soft costs/services

    • Planning/design/engineering, legal, GC fees, contingencies

  • Canopies

  • Awnings

  • Sidewalk repair

  • Front/side patios

  • Signage

  • Landscaping


Dfig eligibility and requirements2

DFIG Eligibility and Requirements

  • Successful applications will include the following:

    • Project description and purpose

    • Property owner consent (where applicable)

    • Designs/renderings/concept drawings

    • Preliminary construction estimate provided by a building professional

      • Architect/Engineer/General Contractor

    • Financial sources for applicant’s 33.33%

    • Project timeline


Dfig application process

DFIG Application Process


Technical assistance providers

Technical Assistance Providers


Program fees

Program Fees

  • Application fee $250

  • Technical Assistance engagement fee $100

  • Administrative fee $2,500

    • Due at financial closing of grant for selected applicants


Dfig timeline

DFIG Timeline

February 24, 2014Application Released

March 6, 2014Information Session

March 13, 2014Information Session#2

March 14, 2014Inquiries due to IA

March 21, 2014Responses to Inquires posted

April 24, 2014Applications due to IA by 5:00 PM

May 27, 2014Notification of Selected Applicants

June 19, 2014Invest Atlanta Board of Directors Approval

July 17, 2014Grant Agreements Executed


Dfig primary contacts

DFIG Primary Contacts

S. Tarnace Watkins- Program Manager

Email: [email protected]

P: (404) 614-8332

Chris Leutzinger- Real Estate Development Specialist

Email: [email protected]

P: (404) 614-8330

Courtney Knight-Managing Director, [email protected]

P: (404) 614-8339


Questions and answers

Questions and Answers


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