ATLANTA, GA – When Tanya Howze first
saw her two-year old grandson, Julian, run in a huge circle in her West Midtown
house, she knew it was her dream home.
 |
| Brian P. McGowan |
“I realized it wasn’t just for me,
but it was the place we’d build memories as a family,” said Howze. “I also fell
in love with the porches and hardwood floors – as soon as I walked in, I had
that epiphany or aha moment.”
Howze was the first homebuyer to
take advantage of Invest Atlanta’s new HOME ATLANTA 4.0 purchase program.
Prospective homeowners can get a 30-year fixed mortgage with a five percent
down payment assistance grant that they never have to pay back.
“This program is unique because it
reduces the usual barriers to home ownership,” said Dawn Luke, Invest
Atlanta’s Managing Director for Housing Finance. “We’re offering attractive
interest rates and that much-needed down payment help for families that
otherwise may not be able to afford a home.”
 |
| Mayor Kasim Reed |
Unlike many mortgage assistance
programs, buyers aren’t required to be first-time owners. HOME ATLANTA 4.0 also
features higher income and purchase price limits than similar programs.
“There’s no better way to strengthen
Atlanta’s economy and make our neighborhoods thrive than to open the doors of
home ownership to more of our residents,” said Mayor Kasim Reed.
“This program gave me more options for where I could live in the
city,” said Howze from her West Highlands subdivision. “With some programs, I
made too much money. But this one broadens the scope for the working class to
be able to afford otherwise out of reach homes.”
Properties can be newly constructed
or existing single family detached homes, townhouses or condominiums. The
maximum purchase price limit is $374,268 and the property must be located
within the city limits of Atlanta.
“We’re giving more Atlanta residents
access to the American dream which is a powerful thing,” said Brian P.
McGowan, President and CEO of Invest Atlanta. “We’re committed to working
with homebuyers to make those dreams come true.”
For more guidelines on HOME ATLANTA
4.0 and to find out if you qualify for the purchase program, visit Invest
Atlanta HOME ATLANTA 4.0.
For a complete copy of the
company’s news release, please contact:
Elizabeth Hagin
The Wilbert Group
c: 678-642-4301
o: 404-748-1367
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