The city of Atlanta is partnering with the Westside Future Fund to launch the Anti-Displacement Tax Fund Program, an initiative which will pay any property tax increases for qualifying homeowners in the English Avenue, Vine City, Ashview Heights and Atlanta University Center communities.
The new program is designed to help ensure that current homeowners are not displaced due to rising property values as public and private investments are made in these neighborhoods.
The fund, administered by the Westside Future Fund and sourced from philanthropic donations, will operate as a grant for individuals and will not require participants to pay back any funds received. Residents can apply for the grant program through March 15, 2018. Fund payments will begin in the 2018 tax year.
The program is one of many strategies initiated by the Westside Community Retention Collaborative, which was created to address Westside resident concerns on displacement and gentrification. The Collaborative is driven by the Department of Planning and Community Development, the Arthur M. Blank Family Foundation, Atlanta Housing Authority, Invest Atlanta, Atlanta Beltline, Atlanta Habitat for Humanity and the Westside Future Fund. The Collaborative receives guidance and input from members of the community.