Permanently Affordable Homeownership Program
Offered by Atlanta Land Trust
245 North Highland Avenue NE, Suite 230-724, 30307, 30307
(404) 257-6866
The trust sells single-family homes, townhomes and condos at set prices that stay affordable. Buyers own the home and lease the land from the trust. When they sell, a resale formula keeps the home affordable for the next buyer.
Summary written by ATL Care from public information
Cost & format
Homes on the current list cost from $165,000 to $296,000. Prices are set and cannot be negotiated. · In person
Who this is for
Households whose income fits the limit for the home (current listings show 60%, 80%, 100% or 120% of area median income). Applicants must live in the home and have their income verified. All buyers must take a homebuyer education course.
How to apply
Go to a free information session, then submit a program application. After that you get a list of approved lenders. You must use one of them.
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The details that matter
- Who they serve
- AnyoneFrom the description, not confirmed
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