Affordable Housing for Athens-Clarke County, Georgia

Affordable Homeownership

In an effort to offer more affordable housing choices, the Athens Housing Authority offers homeownership opportunities for families of various income levels. Our ACT I Homes program is for families with low-to-moderate incomes. Our down payment assistance program, utilized by families with higher incomes, and our ACT I Homes program can be used by families to purchase homes in our newest development – Savannah Heights.

ACT I Homes

Ribbon Cutting - Affordable HomesWe began to builds, renovates, and sell homes through our ACT I Homes program. This program has enabled low-to-moderate-income families, who thought a house of their own was out of reach, to become first-time buyers. The ACT I Homes program is geared towards households earning less than 80 percent of the AThens Area Median Income (AMI). Working with Athens-Clarke County’s Department of Housing and Community Development (HCD), the Athens Housing Authority has taken a leadership role in the revitalization of in-town neighborhoods. The development of the federally-funded ACT I Homes program increases Athens-Clarke County homeownership rates.

Our ACT I Homes program opens the door to affordable homeownership with value for buyers and the community. Homeownership contributes in the creation of healthy, viable neighborhoods. Our ACT I Homes program spearheaded new construction for in-town neighborhoods and has positioned us in the forefront of creating homeownership opportunities. Using funds from Community Development Block Grants (CDBG) and HOME funds administered by HCD, the Athens Housing Authority has worked to revitalize downtown neighborhoods. AHA has helped numerous households achieve their dreams of homeownership through the ACT I Homes program.

Savannah Heights - Photo 1Savannah Heights - Photo 2Savannah Heights - Photo 3Savannah Heights - Photo Kitchen

Who Is a Typical ACT I Homes Buyer?

ACT I Homes buyers are working families earning a modest combined annual income. Most of the families earn between $25,000 and $35,000 a year. A variety of people who work in the public or private sector qualify for affordable housing. Each ACT I Homes buyer believed that the money he or she paid each month for rent could be better spent to purchase a home for his or her family. Monthly payments (including principal, interest, taxes, and insuranceI) for ACT I Homes range from $615 – $710.

What are the eligibility requirements to purchase an ACT I Home?

To be eligible for an ACT I home, potential buyers must meet the following requirements:

  1. Have a household income of no more than 80 percent of the median income for Athens-Clarke County (see chart below) but have a combined household income of at $22,000 annually in order to have sufficient funds for mortgage payments, taxes, insurance, and other household and family expenses.
    Number of Family Members 1 2 3 4 5 6
    Maximum Family Income $31,750 $36,250 $40,800 $45,300 $48,950 $52,550
  2. Attend one-on-one housing counseling with a professional housing counselor.
  3. Have a credit score of at least 600.
  4. Have a minimum down payment of $1,000.
  5. Be financially qualified to obtain a mortgage.
  6. Attend and complete a homeownership workshop.
  7. Be a first-time homebuyer and not own vacant land.

Athens Housing Authority Down Payment Assistance Program (AHA -DPA Program)

Savannah Heights offers the Athens community another opportunity for entry into the first-time homeownership market for a variety of families in the community. In addition to offering the ACT I Homes program to assist households with purchasing their first homes, homebuyers with incomes between 80 percent and 115 percent of Athens Area Median Income (AMI) may qualify for our Down Payment Assistance (DPA) program. Monthly payments (including principal, interest, taxes, and insurance) for homes purchased through this program range from $750 – $800. AHA has helped a number of households become new home owners through the DPA program.

What Are The Eligibility Requirements To Purchase a Home Under AHA’s Down Payment Assistance Program?

To be eligible for an AHA Down Payment Assistance Home, potential buyers must meet the following requirements:

  1. Have a combined household income of between 80% and 115% of the median income for Athens-Clarke County (see chart below)

    Number of Household Members Eligible Household Income Range
    1 $31,751 – $45,640
    2 $36,251 – $52,109
    3 $40,801 – $58,650
    4 $45,301 – $65,118
    5 $48,951 – $70,365
    6 $52,551 – $60,432
  2. Attend one-on-one housing counseling with a professional housing counselor
  3. Have a credit score of at least 600.
  4. Have a minimum down payment of $1,000.
  5. Be financially qualified to obtain a first mortgage.
  6. Attend and complete a homeownership workshop
  7. Be a first-time homebuyer and not own vacant land

Savannah Heights

To provide more opportunities for affordable housing, the Athens Housing Authority partnered with Vanguard Housing Solutions, Inc. and developer Chesser-Kennedy Builders to create Savannah Heights – the first mixed-income subdivision in Athens. Working with a developer allowed the construction of more homes in a shorter time span than the Athens Housing Authority has been able to do previously. All the homes are low maintenance and carry an Energy-Star designation resulting in low energy bills. Savannah Heights offers homes associated with both the ACT I Program and AHA’s Down Payment Assistance Program.

 

Current Homes for Sale

For more information about the ACT I Homes program and/or the AHA-DPA program, contact Rachel Deal at 706-425-5413.

To tour available houses, contact Bobbie McKeller at Coldwell Banker Upchurch Realty at 706-543-4000.

165 Thicket

800 Vine

 

Equal Housing Opportunity LogoThe federal Fair Housing Act prohibits discrimination in housing because of race, color, national origin, religion, familial status, gender, and disability. The Fair Housing Act ensures that all persons receive equal housing opportunity. For more information about the Fair Housing Act and your rights, go to www.hud.gov/offices/fheo.

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