Applications Now Open for Oak Cottage Court Homes
A charming pocket neighborhood affordably priced for middle income individuals & families.
For many, 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 otherwise underserved by Decatur’s housing market.
Ranging from one to three bedrooms and $210,000 to $305,000, 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 ten 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.
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.
Resale
In order to maintain affordability in perpetuity, financial appreciation realized by Land Trust homeowners over time is limited to 1.5% interest compounded annually for each year the property is occupied.
Accessibility
One of the six Oak Cottage Court homes (226 Commerce Drive) has been designed to efficiently accommodate a ramp retrofit for handicapped accessibility.
