ADA offers homeownership assistance
On Thursday, the Atlanta Development Authority will begin offering 30-year, fixed rate mortgages at 3.5 percent interest. Coupled with up to $50,000 in down payment assistance, also offered by ADA, officials say it is one of the most aggressive homeownership programs currently being offered in the state.
Since 2007, the ADA has provided mortgage assistance to over 850 home buyers with an average income of $45,000 and representing a total of more than $130 million in residential real estate sold within the Atlanta city limits.
For more information, log on to www.atlantada.com.
About the Author
Ernie Suggs is an enterprise reporter covering race and culture for the AJC since 1997. A 1990 graduate of N.C. Central University and a 2009 Harvard University Nieman Fellow, he is also the former vice president of the National Association of Black Journalists. His obsession with Prince, Spike Lee movies, Hamilton and the New York Yankees is odd.
