Downpayment Assistance From The BeltLine

Wondering if there’s any progress happening with the Atlanta BeltLine? Well maybe those parks, trails and transit plans are still way off, but there has been some movement with the BeltLine’s affordable housing plans.

The BeltLine Affordable Housing Trust Fund (BAHTF) has been created to offer downpayment assistance of up to $50,578 to homebuyers looking at properties in the Beltline Tax Allocation District.

BAHTF provides homebuyers with downpayment assistance of up to 20 percent of the sales price at a zero percent interest rate as a soft second mortgage. There is no first time home buyer requirement for borrowers moving into the incorporated city limits of Atlanta, but current residence must be sold prior to closing on the new home. You can check out all the guidelines associated wth this program here.

Red Robin Group currently has 3 listings that fall within the Beltline Tax Allocation District and are being offered under the maximum purchase price limit of $252,890. Check them out:

600 Warwick Street, 3/2, $228,90

558 Mead Street, 3/2, $215,000

457 Stovall Street, 3/1, $189,900

Please give Red Robin Group a call at 404.254.5206 if you or sombody you know might be interested in one of the above properties.

posted: Sep 8, 2010 | No Responses

Posted by:  Wakamo & Associates

Melissa Wakamo and her dynamic team of agents and support staff provide buyer and seller clients with exceptional service and proven results. Since the start of her real estate career in 2004, Melissa has proven to be a true advocate for her clients and has consistently performed in the top 1% of agents

“When I started my real estate career, I wanted to work in my local community and get to know my neighbors. Now, I realize how important that local expertise is to our clients. At Red Robin REALTORS®, all of our agents are specialists in working with buyers and sellers in Atlanta’s intown neighborhoods.”

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