14 Townhomes Near Westside Park Starting at $250K Forever

About This Video

In this video, I break down The Trust at Grove Park, 14 brand-new townhomes coming to Grove Park this summer starting around $250,000, and I mean permanently affordable, not just for the first buyer. These owner-occupied homes are reserved for households earning less than 80 percent of area median income, roughly $68,000 for a family of four, so we are talking about teachers, nurses, and city workers who have been priced out of buying intown. The community land trust model keeps prices low by separating the land from the structure, which limits resale appreciation but creates a real entry point into homeownership near Westside Park, where market-rate townhomes are clearing $400,000 and up. For the full story, read the blog: Affordable Townhomes Near Westside Park Starting at $250K

How Does a Community Land Trust Keep Homes Affordable in Atlanta?

In a community land trust, the homeowner buys the structure but leases the land from a nonprofit trust. That separation keeps the purchase price lower and caps how much the home can appreciate at resale, so the next buyer also qualifies under income restrictions. It trades some equity upside for permanent affordability, and it is one of the few models that actually holds over time as surrounding neighborhoods appreciate.

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Resources

• Source article: Urbanize Atlanta
• Full blog: Affordable Townhomes Near Westside Park Starting at $250K
• Neighborhood page: Grove Park