The Village at Oakhurst, a Magnolia Award Recipient, was developed by the Housing
Authority and its affiliated non-profit. As the developer, the non-profit oversaw
the design of four house plans, the site plan, the infrastructure for the site,
the construction of the homes and the marketing and sales.
This development resulted from the desire of the City and the neighborhood to create
new affordable, single family homes in the Oakhurst Community of South Decatur.
Using 1.5 acres of land that was part of the Scottish Rite Hospital property, the
Authority, at the request of the City and the DeKalb County Community Development
Department, acquired the land for development. The acquisition assisted the adjoining
Scottish Rite development to fill its financing gap and allowed the Authority to
address the community’s desire for housing.
Ultimately 10 homes were built and sold for an average of $120,000 with an appraised
value of $255,000. The equity is forgiven over a 12 year period in order to encourage
the buyers to remain members of the community. However, if a sale occurs prior to
the end of the 12 year period the Authority will receive funds that it can then use
for future affordable housing efforts. HUD Secretary Alphonso Jackson visited the
Village at Oakhurst during homeownership month in 2002 to recognize the efforts of
all the parties involved.
Priority to buy one of these homes was given to people who lived or worked in Decatur
and whose income did not exceed 80% of the area median income. Due to the tremendous
opportunity, the Authority planned a lottery to choose the lucky homebuyers. An
extensive marketing campaign throughout Decatur resulted in a large pool of eager
homebuyers. Among the 10 homeowners were a firefighter, a City government staffer,
a teacher, and a retiree.
The Village at Oakhurst represents the largest group of new single family homes sold
at affordable prices in Decatur in well over 25 years. This was accomplished through
the support and efforts of the City, the Community and the Housing Authority.
Village at Oakhurst:
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