Wednesday, April 25, 2012

From Historic West End to Reynoldstown

I'm no longer renting from ex/landlord. I've purchased a loft: homewnership.

How do I feel about it? I'm glad to be away from the drama of the relationship. I have the space to write. Peace. The loft feels like an extension of myself, my essence.

I will miss the conversations with new found friends at Tassili's Raw Reality, Soul Vegetarian and Healthful Essence and just mere strangers in the neighborhood. I felt an connection to the people. I felt safe, well most times. A few occasionally people made the hair on my arms stand up and my heart race, oh I had burglar bars and dogs at the house, but other than that I felt safe.

This is my 3rd day at the lofts. I found about them on the news after hearing so much about different projects on the Atlanta Beltline.

On December 10, 2011 there was a drawing on the units. I was 3rd to last person to pull a number. Boy, was I on edge.

Posted in Affordable Housing, Atlanta BeltLine news & updates by thebeltlineteam on December 21, 2011

It might just be the quickest sale of an entire condo building in Atlanta’s recent residential real estate history: the Lofts at Reynoldstown Crossing sold all 28 of its homes in one fell swoop on December 10, 2011. This is wonderful news for the Atlanta BeltLine, who bought the foreclosed condo building this past summer, fixed it up, and presented them to the public again this fall. This is the Atlanta BeltLine’s first residential real estate purchase (not something they’re in the habit of) and the fact that they, with the help of the Marketing Directors, pulled it off brings a sigh of relief to all involved. The Marketing Directors operated under a contract with the BeltLine to advertise the Lofts at Reynoldstown Crossing and to create an excited, orderly approach to selling all of the lofts in one day leveraging a drawing system.

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.

About the Atlanta BeltLine:

The Atlanta BeltLine is the most comprehensive economic development effort ever undertaken in the City of Atlanta and among the largest, most wide-ranging urban redevelopment and mobility projects currently underway in the United States. The Atlanta BeltLine is a sustainable redevelopment project that will provide a network of public parks, multi-use trails and transit along a historic 22-mile railroad corridor circling downtown and connecting many neighborhoods directly to each other. Atlanta BeltLine, Inc. (ABI), formed by the Atlanta Development Authority, is the entity tasked with planning and executing the implementation of the Atlanta BeltLine in partnership with other public and private organizations, including City of Atlanta departments.

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