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Applications Now Open for Oak Cottage Court Homes

Rendering of Oak Cottage Court
Decatur Cottage Site Plan

Click to view PDF.

A charming pocket neighborhood affordably priced for middle income individuals & families.

For the dedicated workers serving our city — police, firefighters and other public servants; teachers and para-pros; Housing Authority staffers and more — rising costs have put the prospect of finding a home in Decatur increasingly out of reach.

That’s the inspiration behind the Oak Cottage Court project — a charming collection of versatile, green-built, single family cottages designed to serve the needs of those who faithfully serve us.

Ranging from one to three bedrooms and $210,000 to $325,000, the cottages offer an attainable option for middle-income individuals and families. With a Walkscore of 86, including 10 minutes or less to Marta rail and eight different bus lines, you’ll find easy access to all the city has to offer, including shops and restaurants, K-12 schools, parks, and much more. 

The project provides a living example for how strategic partnerships can help create below-market housing for middle income earners, with the Decatur Development Authority working in collaboration with non-profit developer Atlanta Neighborhood Development Partnership, general contractor Fortas Homes and, ultimately, the Decatur Land Trust, to deliver housing affordable in perpetuity.

Find Your New Home in Five Easy Steps

1.  Confirm your employment.
The homes of Oak Cottage Court are available to qualifying employees of the City of Decatur, the City Schools of Decatur, and the Decatur Housing Authority.

2. Ensure you’re at or below the maximum household income.
Home purchase is available to qualified households making a maximum of 100% Area Median Income as follows (see here for information on how to determine your household size):

3. Attend an online home purchase information session.
Participating future homebuyers and community members will learn how the Decatur Land Trust is creating permanently affordable homes in Decatur using the community land trust model, including:

  • What is a community land trust and how does land trust ownership differ from traditional home ownership?
  • How do community land trusts assist non-traditional, workforce, or middle-income buyers?
  • What are my current opportunities to buy an affordable home in the city of Decatur through the Decatur Land Trust?
  • How can I move forward to be considered for an opportunity to buy an affordable home through the Decatur Land Trust?
  • Who is the preferred lender and how can I work with them?

4. Fill out an application
Click through to the online application form if you can answer these three questions:

  • Do you work for a participating employer?
  • Is your household income at or below the levels indicated in #2?
  • Have you attended a DLT Information Session?

5. Visit and tour available homes.
Interested buyers can visit Oak Cottage Court, tour available homes, and ask questions. Request a tour by emailing info@decaturlandtrust.org.

Down Payment Assistance
Ability to cover the required down payment should never present an obstacle for potential buyers. Down payment assistance is available through a variety of sources, including: The Atlanta Neighborhood Development Partnership; Decide Dekalb; and the Decatur Land Trust.

DLT Lottery Process
If more qualified applications are received than homes available, a blind lottery will be held for each home. Applications will be numbered as they are submitted, and then entered into the lottery for each qualifying home subject to family size and bedroom occupancy. Applicants will be notified of the date of lottery and outcome.

Resale
In order to maintain affordability in perpetuity, financial appreciation realized by Land Trust homeowners over time is limited. A formula is used to determine applicable value at the time of resale which permits homeowners to realize 25% of the appreciated value of the home.

Accessibility
One of the six Oak Cottage Court homes (Willow 1) has been designed to efficiently accommodate a ramp retrofit for handicapped accessibility.

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