The development, now named “Lofts at Reynoldstown Crossing,” features spacious two-bedroom, two-bath lofts, which will be sold in a one-day sale event featuring a drawing of qualified buyers making under $68,000 – the Atlanta area median income – on Saturday, Dec. 10. Applicants must register by Wednesday, Dec. 7, and early registrants will increase their chances of being chosen during the drawing.
“This is an unmatched opportunity for us to be able to provide new affordable homes right on the Atlanta BeltLine, in the historic Reynoldstown neighborhood,” said Brian Leary, president and CEO of Atlanta BeltLine, Inc. “For the homeowners at the Lofts at Reynoldstown Crossing, the Atlanta BeltLine is their backyard – one more demonstration of moving the vision to reality.”
Eligible homebuyers will receive up to $60,000 in down payment assistance, which creates a very affordable first mortgage. Monthly payments – from $900 per month – will be much cheaper than renting new two-bedroom apartments in the area. Of those homes, three will be part of a Community Land Trust (CLT), ensuring that their affordability will be permanently preserved. The CLT homes will be targeted to City of Atlanta and Fulton County teachers and first responders with up to $100,000 in down payment assistance available.
The Sales Center, located on site at 890 Memorial Drive, will be open daily beginning Thursday, Nov. 10, at 10 a.m. There will be a series of events and open houses to show these homes to the public over the next several weeks leading up to the one-day sale event on Saturday, December 10, including:
- Saturday, Nov. 12 to Sunday, Nov. 13: First Open House Weekend featuring Yumbii food truck, a pool-side DJ, giveaways and more.
- Saturday, Nov. 19 to Sunday, Nov. 20: Second Open House Weekend featuring a V-103 live remote with food, games and prizes, Slider U food truck, a pool-side DJ, giveaways and more.
For more information on Lofts at Reynoldstown Crossing or to register for the sale event, visit www.loftsatreynoldstowncrossing.com, call (404) 521-7787 or visit the sales center.