Our Investors
CRLIF is capitalized through loans and grants from local, regional, and national funders. With this funding, CRLIF is able to actively engage in real estate development, which ultimately improves housing, social, and economic conditions in metropolitan Atlanta. Join us in recognizing these generous supporters.The following companies and organizations are donors that have recently provided grant funding:


 

The following companies and organizations are investors who have made program related investments:

Our History
During the 1980s, suburban and rural housing needs multiplied, federal subsidies shrank and much of the banking system collapsed. Community development corporations (CDCs) were forced to make radical changes in order to obtain financing for their projects. Upon its creation, ANDP worked quickly to help fill the gap. ANDP's Housing Finance department, the organization's lending arm, was instrumental in providing much needed capital and technical assistance to CDCs.

Throughout the 1990s, the Housing Finance department provided ongoing loan products and servicing to many Atlanta area CDCs and nonprofits developers.  In 1998, the organization made the decision to take its lending services to the next level with an application to the U.S. Department of Treasury's Community Development Financial Institution (CDFI).  In less than a year, the application was approved and Community Redevelopment Loan & Investment Fund (CRLIF) was created. CRLIF was the first nonprofit in the City of Atlanta to receive CDFI certification.

Since its inception, CRLIF has received numerous "Outstanding" ratings for its performance. CRLIF is also designated by the U.S. Treasury a Certified Development Entity (CDE), an officially recognized entity that has a primary mission of providing investment capital for low income communities.

Currently, CRLIF operates a loan fund of more than $11 million. CRLIF now offers construction, predevelopment, acquisition, and bridge loans to CDCs, nonprofit developers and for profit developers who are developing affordable or mixed income housing.

Frequently Asked Questions
For questions about rental rates, availability and other matters, please contact the apartment office directly and the phone numbers listed below. 

What is a CDFI?

Community Development Financial Institutions (CDFIs) are private-sector, financial intermediaries with community development as their primary mission. While CDFIs share a common mission, they have a variety of structures and development lending goals. There are six basic types of CDFIs: community development banks, community development loan funds, community development credit unions, microenterprise funds, community development corporation-based lenders and investors, and community development venture funds. Community Redevelopment Loan and Investment Fund (CRLIF) operates as a community development loan fund that specializes in deploying capital into affordable housing, mixed income and mixed use projects throughout metropolitan Atlanta.


What loan products does CRLIF offer?

To improve access to capital for community redevelopment, CRLIF offers a variety of lending products to qualifying organizations. Products include: acquisition loans, pre-development loans, construction loans, bridge loans and lines of credit. Additionally, borrowers may choose to create a custom loan package combining two or more of the aforementioned products.


Who is eligible to apply for a CRLIF loan?

CRLIF provides financing only to community development corporations, nonprofit and for-profit housing developers that create affordable housing, mixed income and mixed use properties.


Technical Assistance: What if I need help during the loan application Process?

In addition to its lending activity, CRLIF also provides technical assistance to applicants who need such support. Many organizations who are applying for their first development loan often seek support from CRLIF in the form of training, assistance with financial applications, project development, loan packaging and deal brokering with other institutions.  Click here to see how the CRLIF loan application process works.



Where can I obtain loan applications?

You may either request an information packet by calling CRLIF at (404) 522-2637 or download Microsoft Word versions of the applications here.