Maximum subsidy is $5,000 per homebuyer.
Funding is provided as a 4 to 1 match.
May be used to buy a foreclosure.
If your household income is equal to or less than the 80% Area Median Income (AMI) limit, you may qualify for this incentive.
|This incentive is for first time homebuyers.|
|The home must be the homebuyer’s primary residence.|
|Homebuyer must invest a minimum of $1,000 from personal resources.|
|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.|
|Homebuyer must use an approved lender.|
For More Information
Federal Home Loan Bank of Atlanta Community Investment Services
(800) 536-9650 ext 8385