As interest rates went up, home sales went down across the country and here in Georgia.
But right now, some major money is available to help people get into new homes in the City of Atlanta.
Channel 2′s Lori Wilson visited a neighborhood designed with a special group of buyers in mind.
“We are building homes for teachers, firefighters and anyone making under $83,000 will be entered into our lottery for our final phase,” says Maja Sly, Affordable Housing Advocate and Broker.
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Sly says there is real money available right now for people who want to buy a new home in the city limits. but are part of a group called the ‘missing middle.’
Those people make too little to qualify for a mortgage, but too much to qualify for any assistance.
The help available now is $45,000 in down payment assistance for teachers, police officers and firefighters.
Even if you are not in the service industry, there is still $40,000 in down payment help available if you make less than $83,000, have a 620 credit score and want a new home in Brown’s Mill Village.