Many of you asked for an e-version of the newsletter, and it has been posted on the Westview website. Thank you Patrick and Steffi for adding these to the neighborhood website.
Best, AyanaAccess in two places.
NEW AFFORDABLE HOUSING BECOMES A REALITY ON THE ATLANTA BELTLINE WITH LOFTS AT REYNOLDSTOWN CROSSING
Down Payment Assistance And Low Monthly Payments on New Two-Bedroom Lofts For Those Making Under $68,000Early Registrants Will Increase Their Chances of Being Chosen in The Drawing of Less Than 30 Homes on Saturday, December 10.
ATLANTA — As part of its mission to create affordable workforce housing, Atlanta BeltLine, Inc. (ABI) purchased the former “Triumph Lofts” development from a receivership to provide critically-needed affordable for-sale housing in an increasingly desirable part of the city. The development, now named “Lofts at Reynoldstown Crossing,” is located at the intersection of Chester Avenue, Memorial Drive and the Atlanta BeltLine corridor, just north of I-20 and Glenwood Park. The new highly-appointed, spacious two-bedroom, two-bath lofts will be sold in a one-day sale event featuring a drawing of qualified buyers making under $68,000 – the Atlanta area median income – on Saturday, December 10. The one-day drawing will provide an equitable way to give access to this incredible homeownership opportunity for people who might otherwise be unable to purchase intown property. Applicants must register by Wednesday, December 7, and early registrants will increase their chances of being chosen during the drawing.
“This is an unmatched opportunity for us to be able to provide new affordable homes right on the Atlanta BeltLine, in the historic Reynoldstown neighborhood,” said Brian Leary, president and CEO of Atlanta BeltLine, Inc. “For the homeowners at the Lofts at Reynoldstown Crossing, the Atlanta BeltLine is their backyard – one more demonstration of moving the vision to reality.”
Eligible homebuyers will receive up to $60,000 in down payment assistance, which creates a very affordable first mortgage. Monthly payments — from $900 per month* — will be much cheaper than renting new two-bedroom apartments in the area. Of those homes, three will be part of a Community Land Trust (CLT), ensuring that their affordability will be permanently preserved. The CLT homes will be targeted to City of Atlanta and Fulton County teachers and first responders with up to $100,000 in down payment assistance available.
All homes at Lofts at Reynoldstown Crossing are new two-bedroom, two-bathroom lofts featuring high-quality finishes and stainless appliances. The development also features a pool, hot tub, electric car charging station, fitness center, club room, rooftop deck and controlled access entrance, in addition to its highly-desirable location on one of Atlanta’s greatest amenities, the Atlanta BeltLine.
The Sales Center, located on site at 890 Memorial Drive, will be open daily beginning Thursday, November 10 at 10 a.m. There will be a series of events and open houses to show these homes to the public over the next several weeks leading up to the one-day sale event on Saturday, December 10, including: • Saturday, November 12 to Sunday, November 13: First Open House Weekend featuring Yumbii food truck, a pool-side DJ, giveaways and more.• Saturday, November 19 to Sunday, November 20: Second Open House Weekend featuring a V-103 live remote with food, games and prizes, Slider U food truck, a pool-side DJ, giveaways and more.• Saturday, December 10: One-Day Sale Event featuring a drawing for qualified buyers.
For more information on Lofts at Reynoldstown Crossing or to register for the sale event, please visit http://www.loftsatreynoldstowncrossing.com, call (404) 521-7787 or visit the sales center beginning Thursday, November 10.
About the Atlanta BeltLine:The Atlanta BeltLine is the most comprehensive economic development effort ever undertaken in the City of Atlanta and among the largest, most wide-ranging urban redevelopment projects currently underway in the United States. The Atlanta BeltLine is a sustainable redevelopment project that will provide a network of public parks, multi-use trails, transit and affordable housing along a historic 22-mile railroad corridor circling downtown and connecting many neighborhoods directly to each other. Atlanta BeltLine, Inc. (ABI), formed by the Atlanta Development Authority, is the entity tasked with planning and executing the implementation of the Atlanta BeltLine in partnership with other public and private organizations, including City of Atlanta departments. For more information on the Atlanta BeltLine, please visit http://www.BeltLine.org.
*Please see agent for details. Down payment assistance programs are subject to availability and qualification guidelines. Monthly payment includes HOA &Taxes and is based on purchase price of $131,900; loan amount of $71,900. $60,000 in down payment assistance with interest rate of 4.25% APR on 30 year fixed loan.
Good day Community-Neighbors and Realtor Friends:
Please help us continue to revitalize one of NPU-T’s great communities. Ashview Heights Community Association has had a series of “Committed to Community” weekends which have included neighborhood clean-ups, boarding vacant houses, mowing vacant lots, and working with the youths of MA Jones to paint street “greeting” signs throughout the neighborhood.
It is a great desire for me to have all neighborhoods with NPU-T thriving, safe and known for their unique character. We need your help to make this a success! Please donate any time you have and take an hour this weekend to walk through the neighborhood and see the difference.
In an effort to attract more visitors, this weekend, Ashview Heights is having an “Open House” tour Saturday 1-4PM. This event will feature both homes for sale and currently occupied by the many new residents committed to this process. The tour guides are Ashview Heights residents and Shaylah Hamilton of Keller Williams. This is a FREE event!
Have a snack, talk with the association president and learn more about the neighborhood/association plans.
Please see the attached flyer and spread the word. Ashview Heights Open House Tour
This is a great opportunity for agents to explore another hidden gem in Atlanta –homes as low as $25K for your buyers!
Some 52 percent of single home buyers in April chose suburban locations over urban and rural areas, according to a survey by Coldwell Banker of 1,000 single buyers.
· More than 53 percent of single home owners reported that they purchased a home because it was more cost effective than renting in their area, while 68 percent of single home owners purchased a home that was less expensive than they believed they could have afforded to pay.
· Some 55 percent have less than a 30-minute commute to their office or work from home.
· Singles don’t shy away from foreclosures – especially single men. Thirty-eight percent would currently consider purchasing a foreclosed/short sale home, compared to 29 percent of single women.
· Of the 13 percent of single home owners who own their home jointly with another person, 49 percent made the purchase with their parents. Forty percent live less than 30 minutes or even in the same neighborhood as their parents or extended family. An additional 12 percent live with at least one family member.
· Number of bedrooms is important to 27 percent of single women, while only 18 percent of men were concerned.
Source: Coldwell Banker Real Estate (06/18/2010)