Atlanta Council authorizes community development loan fund program

The Atlanta City Council approved legislation Monday authorizing an intergovernmental agreement with Invest Atlanta for a new community development loan fund program to encourage small and micro business development and revitalization in the city.

The Atlanta City Council approved legislation Monday authorizing an intergovernmental agreement with Invest Atlanta for a new community development loan fund program to encourage small and micro business development and revitalization in the city.

To encourage small and micro business development and revitalization in Atlanta , the City Council approved legislation Monday authorizing an intergovernmental agreement with Invest Atlanta for a new community development loan fund program. The agreement will be for three years and $500,000 will be used to fund the initiative. In August, the Council approved a resolution requesting that Invest Atlanta create the program, according to a press release.

The Council also approved 19-R-5070, which urges the Georgia General Assembly to support the city of Atlanta’s 2020 legislative package. The legislative package includes:

• Expressing the City’s opposition to any legislation at the state level that seeks to change the ownership, operations and governance of Hartsfield-Jackson Atlanta International Airport;

• Requiring law enforcement agencies authorized to enforce state law within the territorial jurisdiction of a municipality, including the Georgia State Patrol, to file traffic citations written within the territorial jurisdictions of a municipality in the appropriate municipal court;

• Removing the state requirement that a county or municipality must reimburse development impact fees if a developer is given a fee waiver for developing affordable housing; and

• Creating a new homestead exemption for Community Land Trust homeowners.

Information: citycouncil.atlantaga.gov