Atlanta Beltline Affordable Housing

Atlanta Beltline Affordable Housing is a forgivable loan for homebuyers in Atlanta, Georgia. The Atlanta Beltline Affordable Housing program provides $15,000 in forgivable down payment assistance to eligible homebuyers purchasing homes within the Atlanta Beltline area. The program supports homeownership opportunities for low-to-moderate income households along the Beltline corridor, administered in partnership with the Federal Home Loan Bank of Atlanta. Funds help cover down payment and closing costs. Up to $15,000 forgivable loan for eligible homebuyers purchasing within the Atlanta Beltline area. 0% interest rate with no monthly payments. Loan forgiven after 10 years if property remains primary residence. Administered in partnership with FHLBank Atlanta. Supports affordable homeownership along the Beltline corridor in Atlanta, GA. Funding comes from Federal.

Atlanta Beltline Affordable Housing offers up to $15,000 in assistance. The program asks homebuyers to contribute $1,500. The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Atlanta Beltline Affordable Housing is forgiven after 10 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Sale, No Longer Primary, and Refinance. The assistance is recorded in 2nd Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Atlanta Beltline Affordable Housing is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Have not owned a home in the past 3 years. The program lists a minimum credit score of 640. A homebuyer education course is required. Citizenship or immigration status: U.S. Citizen or Permanent Resident. Must be a Georgia resident for at least 6 months. Must complete a HUD-approved homebuyer education course. Liquid assets cannot exceed $25,000. Property must be located within the Atlanta Beltline corridor.

Atlanta Beltline Affordable Housing limits household income to 80% of the area median income, which varies by county and household size. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Atlanta Beltline Affordable Housing caps the purchase price at $375,000. Eligible property types include Single Family, Condo, and Townhouse.

Atlanta Beltline Affordable Housing serves homebuyers purchasing in Atlanta, Georgia.

Applications for Atlanta Beltline Affordable Housing go through the administering agency, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.