New Affordable Housing Becomes a Reality on the Atlanta Beltline with Lofts at Reynoldstown Crossing

  

  

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 (top left photo),” 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 (middle right photo), 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.”

*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.

 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. 

 For more information on the Atlanta BeltLine, please visit http://www.beltline.org/.

 Media Contacts:

Ethan Davidson, Atlanta BeltLine, Inc., (404) 614-8325, edavidson@atlbeltline.org

Liz Lapidus / Kate Thacker, 404.688.1466, kate@lizlapiduspr.com