The Athens Land Trust (ALT) is a nonprofit organization that provides affordable housing for residents of Athens-Clarke County. The monthly payments (including taxes and insurance) on the homes we sell usually run between $500 – $650 at current interest rates. Our goal is to help people buy homes so that they aren’t forced to rent their entire lives.
ALT sells the house to a family or individual and provides the homebuyer with a 99-year renewable ground lease for the land. The ALT homeowner has full use of the land just like any other homeowner. The owner of an ALT home can pass the home to their children just like any other homeowner. But if the homeowner decides to sell the house, ALT will buy the house back from them or help them find another low to moderate income family or individual to purchase the home.
ALT’s renovation of vacant houses brings life back into the neighborhood and reduces crime. It strengthens the neighborhood by creating area homeowners-permanent residents of a community take care of their investment and look out for the best interests of their neighborhood. ALT houses also provide permanent affordable housing in a neighborhood where rents are constantly on the rise. It helps families and individuals stay in the neighborhood where they have grown up. ALT houses will never turn into rental houses with absentee landlords and expensive rents. ALT is interested in saving the character of the neighborhoods by fixing up historic homes which would otherwise be destroyed.