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HOUSING DEVELOPMENT
Under Development
Adamsville Place
Formwalt Townhomes
Irwin Place Townhomes
Lakewood Pointe Townhomes
Ponce Park
TWELVE Centennial Park
Completed
Projects
Martin House
Centennial House
Moores Mill Apartments
Sylvan Circle Apartments
ANDP Apartments
Department Staff
Tayani Suma
Interim
Director of Housing Development
404-420-1607
Mijha
Butcher
Public Policy Manager
404-420-1601
Christie Cade
Housing Development Consultant
404-420-1587
Zenovia
Palmer
Assistant Housing Development Manager
404-420-1590
Roan Yarn
Affordable Housing Program Consultant
404-420-1603
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TWELVE Centennial Park
ANDP partners with
Novare Group for second major project.
 ANDP
has once again partnered with
Novare Group to add much needed
mixed income housing in the downtown/midtown area of Atlanta.
TWELVE Centennial Park is a
condominium project that will feature two 39-story towers
surrounding a 16-story TWELVE Hotel.
In addition to offering stunning 360 degree views of Atlanta, TWELVE
Centennial Park will also offer residents 10 foot ceilings,
floor-to-ceiling glass windows and large balconies. The interior of
one and two bedroom units will offer stainless-steel appliances,
granite countertops, and cherry or maple cabinetry.
By design, residents will also be able to take advantage of services
offered by the TWELVE Hotel, such as concierge services, dining
services and more.
 As
a result of the unique partnership with Novare Group and the Atlanta
Development Authority, ANDP will offer 104 units in the first tower
at affordable rates to those who qualify for the program.
Construction on the first of two towers is scheduled to be completed
in the Summer of 2007.
The primary mortgage for one-bedroom homes is $144,000; for
two-bedrooms, it is $155,000. The rest of the market price is
covered by a soft second mortgage on the property that will become
due at the expiration of 50 years, when the property is sold, or
when there is an Event of Default.
Buyers of the affordable homes cannot rent them or refinance them to
take out equity without first paying back the entire second mortgage
in full.
To qualify for an affordable unit, you may not own any real estate
at the time of closing and your household income must not exceed
$56,950.
To verify your income, you must submit your two most recent pay
stubs, along with W-2s and tax returns from the last two calendar
years to the ANDP representative after you have reserved a unit with
the Seller. If you are not living in the Atlanta area at the time
you sign up for a unit, you will have to produce a letter from your
Atlanta-area employer verifying that you will be employed here at
the time of closing.
For more floor plans, amenities, and other information, visit the
TWELVE Centennial Park web site.
For general information about getting qualified for this program,
contact:
Mijha
Butcher
mbutcher@andpi.org
Public Policy Manager
404-420-1601
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