Develop Fulton backs tax incentive for Northwest Atlanta mixed-income project

Develop Fulton approved a $3.9 million tax incentive for a $75 million redevelopment of a former industrial site at 1593 Huber Street NW in Northwest Atlanta. The 247-unit project is set to add 38 affordable homes, create construction and permanent jobs, and generate more than $10.15 million in tax revenue during the incentive period.

Why it matters: - The project would turn an underused industrial parcel into 247 homes in a high-demand part of metro Atlanta. - The development adds 38 affordable units for households earning 80% or less of area median income. - The incentive package is designed to unlock redevelopment, housing supply, and neighborhood investment at the same time. - The project is projected to deliver more than $10.15 million in tax revenue during the incentive period, far above the site’s current annual tax generation of about $31,174.

What happened: - Develop Fulton’s Board of Directors approved a Letter of Inducement for WP South Acquisitions, L.L.C. during its June 23 meeting. - The board backed an estimated $3.9 million tax incentive for a proposed $75 million redevelopment at 1593 Huber Street NW in Northwest Atlanta. - The site is a former tire recycling facility that would be redeveloped into a 247-unit multifamily community. - The project would include 38 affordable housing units reserved for households earning 80% or less of AMI.

The details: - The planned community would include modern housing, green space, resident amenities, parking and infrastructure upgrades. - The redevelopment would include about $750,000 in stormwater infrastructure improvements. - Those drainage upgrades are intended to address longstanding concerns for the project site and nearby properties. - The community would feature active and passive green spaces aimed at improving walkability and connectivity. - Construction is expected to generate about 200 temporary construction jobs. - The project is also expected to create 20 new full-time contract and service positions and 25 part-time jobs. - The property currently generates about $31,174 a year in tax revenue. - Develop Fulton said the project advances its priorities by increasing attainable housing in one of metro Atlanta’s highest-demand markets.

Between the lines: - Chairman Kwanza Hall framed the approval as part of Develop Fulton’s broader push to support attainable housing, infrastructure investment and redevelopment of underutilized properties. - The Letter of Inducement was an important milestone for the applicant and influenced the decision to move ahead with acquisition and redevelopment. - The mix of affordable housing, stormwater work and job creation suggests the incentive is being used as a redevelopment tool, not just a housing subsidy.

What's next: - WP South Acquisitions can now move further toward acquiring and redeveloping the property. - The project still depends on follow-through on construction, infrastructure work and final development execution. - If built as planned, the site would add housing, tax base growth and neighborhood improvements in Northwest Atlanta.

The bottom line: - Develop Fulton is using tax incentive policy to help convert a former industrial site into mixed-income housing with visible public benefits.