ADA – Atlanta Development Authority Homepage
 
Search Site
 
SURVEY
How do you like our website?

Tell us what you think
Sign up for our free monthly e-newsletter

Pulse of Progress
AFFORDABLE WORKFORCE HOUSING
Homebuyers / Renters
Vine City / English Avenue Trust Fund (HOAP)

What is it?
The Vine City/English Avenue Trust Fund or “The Trust Fund” is a program designed to provide mortgage assistance in the form of a 0% interest soft second mortgage in the amount of 10% of the purchase price not to exceed $15,000 to assist with down payment and closing cost.  The lender will qualify the borrower for a 30 year fixed rate mortgage and use “Trust Fund” as down payment assistance.

What type of home can I buy?
You can purchase an existing or newly constructed single family detached homes, condominiums and town homes located within the Vine City/English Avenue neighborhood which is outlined by the following streets:  Joseph Lowery Blvd on the west; Donald Hollowell Pkwy on the north; Northside Drive on the east; Martin Luther King Jr. Drive on the south within the incorporated limits of the City of Atlanta.

What are the income limits?

Household Size                   Income Limits
(1 person Household)                       $49,800         
(2 person Household)                       $57,000
(3 person Household)                       $64,100
(4 person Household)                       $71,200
(5 person Household)                       $76,900

How do I apply?

  1. Contact one of our participating lenders to get pre-qualified and let them know you are interested in the Trust Fund program.
  2. The lender will have you complete a loan application which included all the ADA required documentation.
  3. Attend a homebuyer’s education seminar from one of our Preferred Homebuyer Education Seminar Providers.
  4. The lender will approve your loan based on the preferred mortgage companies’ guidelines and forward the ADA/URFA documentation to our office to be reviewed and approved.

Frequently Asked Questions

Trust Fund Program Flyer

Preferred Attorney List

Preferred Homebuyer Education Seminar Providers

Trust Fund Area Map

 

Atlanta Fun Fact

Plants, Sites & Parks magazine ranks Atlanta as the 2nd "Top Metro" for Expanding & Relocating a Business (2004).


Home Ownership & Mortgage Programs

Home Atlanta

Atlanta Affordable Homeownership Program (AAHOP)

American Dream Down payment Initiative (ADDI)

Vine City/English Avenue Trust Fund (HOAP)

Eastside TAD Affordable Housing Purchase Program

Site Map