Underwood Hills Neighborhood Association
  • Home
  • Underwood Hills
    • History/Map
    • Environmental
    • UH Park
  • UHNA
    • Join
    • Play Group, Committees
    • Security
    • Sponsors
  • Leadership & Contacts
  • UH News
    • BLOG
  • Contact
  • UH Store
  • Calendar
  • Resources
Subscribe to eNews

Invest Atlanta Announces Owner Occupied Rehab Program Launch

8/28/2023

 
Picture
Councilmember Marci Collier Overstreet, recently sent out  information regarding Invest Atlanta's Owner Occupied Rehab Program. I wanted to share that information with Buckhead residents as well.
 Invest Atlanta and the City of Atlanta will offer a deferred forgivable loan program that provides up to $30,000 to eligible City of Atlanta homeowners for specific health and safety repairs of major systems on their home. The loan will be either 5 or 10 years at a 0% interest rate with payments deferred and forgiven until the earlier of loan maturity, sale, transfer of ownership, or failure to maintain the property as the primary residence during the term of the loan.

Direct construction amounts of $15,000 or less have a 5-year term, and direct construction amounts over $15,000 will have a 10-year term. The principal balance is reduced by 10% or 20% annually provided the eligible homeowner maintains primary residency. The prorated remaining balance is due and payable immediately if the home is sold, transferred, or no longer the primary residence during the term of the loan. A lien will be placed on the home.

PRELIMINARY GUIDELINES
 (subject to change prior to application launch)
  • Homeowner must reside within the City of Atlanta, excluding the Westside Tax Allocation District
  •  Must be a primary homeowner and existing resident of the property at least five (5) years prior to application.
  •  Annual Household Income must not exceed 60% of area median income (“AMI”; adjusted for household size, limitations may apply).
    • 60% of AMI = 1 Person Household ($42,900) -
    • 2 Person Household ($49,020) 
    • 3 Person Household ($55,140) -
    • 4 Person Household ($61,260)
    • 5 Person Household ($66,180)
    • 6 Person Household ($71,100)
    • 7 Person Household ($76,020)
  • Senior households aged 65+, Military Veterans, Disabled Head of Households and those that have been in their homes for 15+ years will have a priority in the program.
  • Homeowners with 1st and 2nd mortgage liens are permitted, provided all mortgages are current and not in default.
  • Homeowners with outstanding tax liens, water liens without a payment plan, FIFAs, etc. are ineligible for the program.
 ELIGIBLE REPAIRS
Interior
HVAC/Furnace/Duct work
Hot Water Heaters
ADA Improvements
Doors/Windows
Minor Electrical
Minor Plumbing

Exterior

Roofs
Gutters
Porch/Deck
Walkway/Stairs/Driveway
Siding/Exterior Painting


GET PREPARED
 

Homeowners are invited to attend a community information session. At these sessions, Invest Atlanta will provide detailed program information and an opportunity for homeowners to ask questions. Most importantly, applications for the program will be provided at each community engagement event.

Thank you for giving me the opportunity to represent you in District 8! I welcome your feedback and you can always reach me or my Chief of Staff at City Hall or at home:
 
City - [email protected]                                 (404) 330-6051
Home - [email protected]                   (404) 824-1014
Chief of Staff, Jim Elgar - [email protected]  (470) 727-7160


Picture
Subscribe to eNews

Comments are closed.
    Picture
    Twitter
    Picture
    Nextdoor
    Picture
    Instagram
    Picture
    Facebook

    UHNA News

    May 2025
    April 2025
    March 2025
    February 2025
    January 2025
    December 2024
    November 2024
    October 2024
    September 2024
    August 2024
    July 2024
    June 2024
    May 2024
    April 2024
    March 2024
    February 2024
    January 2024
    December 2023
    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    October 2021
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    November 2018

    Categories

    All
    Meeting

    RSS Feed

Home
Underwood Hills
History/Map
UH Park
​Environmental
​UHNA
Join
Sponsors
Leadership
Security
Committees/Groups
Bylaws
UH News
UH eNews Signup
UH Blog
Calendar
Resources
City of Atlanta
Schools
Emergency
Trash


UH Store
T-Shirts
Koozies
Mugs​
Flags
Mugs​

Signs

Magnets
 Contact
Email
Form
​

Privacy Policy

Nextdoor icon
Facebook icon
Instagram icon
Picture

Copyright © 2022 Underwood Hills Neighborhood Association
​ [email protected]


​Web work courtesy of Handyman of Marketing
Photos from TEDxPeachtree, TimothyJ, Monkey Mash Button
  • Home
  • Underwood Hills
    • History/Map
    • Environmental
    • UH Park
  • UHNA
    • Join
    • Play Group, Committees
    • Security
    • Sponsors
  • Leadership & Contacts
  • UH News
    • BLOG
  • Contact
  • UH Store
  • Calendar
  • Resources