Crye-Leike, REALTORS Associates Julie Chamberlain and Heather Maharrey represent Avenue 3 project in downtown Chattanooga

A new residential project continuing in the revitalization of the Main Street district is offering incentives to those seeking a home near downtown Chattanooga. Avenue 3?developed by LIN Homes, a division of LMF Holdings, LLC?is offering financial incentives for pre-sales.

 

The first 14 owner-occupied purchases can receive a $10,000 incentive and other seller-provided incentives until April 26, officials said. Federal HOME Funds in the amount of $25,000 are available toward the purchase of a home at Avenue 3 to the first four pre-sales that qualify according to family size and income.

Additional financial incentives for qualified buyers include a Jefferson Heights incentive and an artists incentive, dependent upon availability.

 

There are eight townhouses and 16 courtyard flats available, ranging from one to three bedrooms.

 

Some of the units have penthouse and roof terraces at the third floor level.

 

Prices range from $97,020 to $286,902.

 

Avenue 3 is being designed and built for Leadership in Energy and Environmental Design (LEED) Certification, a green building rating system that emphasizes sustainable site development, water savings, energy efficiency, materials/resource selections and indoor environmental quality. Environmental benefits include the conservation of natural resources and the improvement air and water quality. LEED Certified homes also have economic benefits as operating costs are reduced, it was stated.

 

Avenue 3’s first homes are projected for December completion.

 

For more information about this housing project, to purchase a unit or to learn more about the incentives, please contact Julie Chamberlain, Crye-Leike Realtors at (423) 756-0771 or (423) 240-6811 or via e-mail at julie.chamberlain@crye-leike.com, or Heather Maharrey, Crye-Leike Realtors at (423) 505-5589 or via e-mail at heather.maharrey@crye-leike.com.