Invest Atlanta Program Makes Home Ownership Dreams A Reality

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