The Trust at East LakeAffordable Housing
In East Atlanta
East Atlanta. The community will be comprised of one-to-three-bedroom townhomes, sized from 600 to 1,500 square feet, with prices starting at $155,000.
Twenty will be priced for households earning up to 80% of the area median income, and the rest will be priced for buyers making between 80% and 120% of AMI.
The Trust at East Lake will initially market the planned units exclusively to residents of the Villages of East Lake, a predominantly Black rental community managed by affordable housing provider Columbia Residential.
The development will employ a community land trust model, allowing people to buy the homes while leasing the land from ALT. The dual-ownership arrangement means ALT can keep housing permanently affordable while empowering homebuyers to build generational wealth
ALT plans to break ground on the Trust at East Lake Summer 2022, with a target completion date of fall 2025
What Is A Land Trust
Frequently Asked Questions
Anyone can purchase in the Trust at East Lake. Click GET STARTED to follow the steps and join the waitlist.
No, All buyers must be approved for a conventional loan.
Yes, down payment assistance is available but eligibility will vary by person.
The Trust at East Lake partners with approved lenders who are knowledgeable about the community land trust model and therefore you would need to be pre-approved by a lender already on our list of approved partners. We want to make sure you have the best possible experience and therefore it is essential that you work with a lender who is familiar with the land trust model and can guide you to a successful closing.
Yes. Buyers must meet specific income guidelines based on AMI.
Click here or click on the Join Waiting List tab on the menu.
The Trust at East Lake Community is conveniently located adjacent to the Publix at East Lake Shopping Center. The address is 697 Fayetteville Rd SE, Atlanta, GA 30316.
Unfortunately living at The Trust at East Lake cannot guarantee that your child would be able to attend Drew Charter School. If you are interested in Drew Charter School please contact them for more information on their admissions process.
YES.
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