ATLANTA – The Atlanta Development Authority (ADA) is partnering with the Atlanta Housing Authority (AHA) and HomeFree-USA during the month of October for “Fall into Homeownership” Month. Buyers who meet all eligibility requirements and obtain lender loan approval may qualify to receive down payment assistance from ADA and AHA. ADA has $25 million in first-mortgage capital in addition to several programs designed to help assist in-town buyers with down payment and closing costs.
Based on the geographic location of the property to be purchased, the ADA downpayment assistance can be used in conjunction with the AHA downpayment assistance. By combining these programs, buyers who qualify may be eligible to receive up to $40,000 in downpayment assistance. A series of events is scheduled for the month of October that will teach interested homeowners about the downpayment assistance programs available to them and highlight the housing developments that are eligible for homeownership incentives.
While the maximum household income limit can be as high as $82,000, the average household income of a program participant is $46,600. The average sales price of a home is $157,880.
Schedule of Fall into Homeownership Month events:
Fall Into Homeownership Celebration
Time: 12 p.m. – 4 p.m.
RSVP by calling 404.614.8306 on or after October 17
Network with ADA, AHA, and City of Atlanta developers, lenders, realtors and homebuyer education providers.
Micole and Joy have been able to work swiftly in getting my clients approved and closed! They also work with Atlanta Development Authority Down payment assistant programs close in 45-60days depending on the program you participate in.
Don’t miss this GEM! 4 Sided Brick Bungalow in Historic West End. 3bedroom plus a REAL Bonus Room/Den/Office! Walk to public transportation (MARTA). Private 2 car detached covered parking. Many original details restored! Coffered ceilings, hardwoods and so much charm for the list price of $105.9K.
This is a smart move for first time home buyers- participate in ADA program and get down payment assistance.
Investors you can’t go wrong in this BeltLine Community! Walk to Atlanta University Center.
Fully renovated, move in condition homes! Awaiting your inspection. View the links below to see these great deals! These homes will pass FHA inspection. Beltline Community- speak with your mortgage officer about city funds for down payments!