Funding is provided as a 4 to 1 match; meaning if the homebuyer contributed 1,000, then FHLBank Atlanta will provide $4,000 (homebuyer would need to provide $1,875 to receive the $7,500 maximum incentive).
Educators: An employee of an accredited or state-recognized private or public school; a certified teacher or administrator in an education agency; or an employee of a post-secondary level educational institution.
Law Enforcement Officers and Firefighters: An employee of a law enforcement agency or fire department administered by a state or local government; or a sworn law enforcement officer responsible for crime prevention and detection, or criminal incarceration; or a sworn member of a fire department involved in fire suppression or prevention, emergency medical response, hazardous materials incident response, or management/response to terrorism.
Health Care Workers: A certified, accredited, or licensed health care worker who is a medical resident or fellow; a nurse, nursing assistant, pharmacist, pharmacy technician, physician’s assistant, or medical technician, technologist, or therapist.
|Homebuyer must earn their Homeownership Counseling Certificate from a City-approved counseling agency before writing a sales contract.|
|The home must be the homebuyer’s primary residence.|
|Incentive may be used toward downpayment and closing costs.|
|Incentive is a five-year forgivable loan (Your balance is forgiven by 20% each year, at the end of five years you no longer have a balance).|
|The home may have up to 4 zoned residential units.|
|This incentive may be used in addition to other incentives.|
|Incentive appears as a second lien on property until the balance is forgiven or repaid.|
|Homebuyer must use an approved lender.|
For More Information
Federal Home Loan Bank of Atlanta Community Investment Services