Initiative Boosts Home Ownership In Atlanta

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    By Special to the Daily World
    NeighborhoodLIFT, a major effort to help people buy and live in homes in the City of Atlanta, will launch here with a free large-scale homebuyer workshop at the Georgia World Congress Center on Feb. 10 and 11 from 10 a.m. – 7 p.m.

    Register and learn more at http://www.neighborhoodlift.com or by calling 866-858-2151.  Pre-registration is encouraged but walk-ins are welcome.  Parking at the World Congress Center is free, but you must tell the attendant that you are going to NeigborhoodLift.

    An $8 million local initiative by Wells Fargo, in cooperation with the City of Atlanta and the non-profit groups Resources for Residents and Communities and NeighborWorks, the program will provide a total of $6.4 million in down payment assistance, including $2.4 million specifically for homes that need renovation.  It also includes $1 million for local initiatives and funding for the event at the World Congress Center.  Wells Fargo also announced a mortgage lending goal of $1.3 billion in the city in the next five years.

    The homebuyer workshop is for anyone interested in buying and living in a house anywhere in the City of Atlanta.  Down payment assistance of up to $15,000 is available to those who qualify and buy and reside in the home anywhere in the city.  To qualify, applicants must meet criteria including annual income not above $83,000 for a family of four.  Income maximums vary depending on family size.

    At the event, to take place from 10 a.m. to 7 p.m. each day, potential homebuyers can find out if they qualify for the down payment assistance program and reserve funds for 60 days – even if they haven’t yet found a property.  They can also get pre-approved for a mortgage – and if they face credit challenges they can sign up for free counseling.

    Those who attend can stop by Wells Fargo’s Affordable Home Tour viewing center to preview the features and prices of 100 homes from four areas of the city.  And they can board a tour bus for a free ride to see and go inside the homes.  Buses will depart regularly from noon to 5 p.m. each day to the neighborhoods.  Self-directed tours are also encouraged.

    The areas being featured include:  Northside Drive corridor and Marietta Street/17th Street (Castleberry to Atlantic Station to West Highland);  Eastside/Memorial Drive (Reynoldstown,  Edgewood, Kirkwood, Beltline); Southwest/Cascade Road (Ralph David Abernathy Boulevard to Cascade, historic Westside Village to West End to Campbellton Road), and Mechanicsville-Peoplestown-Pittsburgh – Lakewood-South Atlanta (McDaniel Street through Mechanicsville to Pittsburgh, loop through South Atlanta, up through Peoplestown).

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