ANDP Loan Fund: Building the Region’s Future, Neighborhood by Neighborhood
Established in 1991 and officially certified in 1998 as a U.S. Treasury certified Community Development Finance Institution (CDFI), the ANDP Loan Fund provides financing to nonprofit and for-profit housing developers that create affordable housing, mixed income and mixed use properties. Since its founding, the ANDP Loan Fund has provided $40 million in loans toward projects valued at nearly $315 million ultimately supporting the creation of 5,309 units of housing.
Although the ANDP Loan Fund serves the entire ten-county metro Atlanta region, we prioritize high-risk areas where the foreclosure crisis was severe and where a majority of homeowners remain underwater on their mortgages.
CDFIs are mission-driven, financial institutions that are dedicated to providing financial services to meet the community development needs of underserved communities. 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. The ANDP Loan Fund operates as a community development loan fund that specializes in deploying capital for affordable housing, mixed income and mixed use projects throughout metropolitan Atlanta.
The ANDP Loan Fund was previously known as the “Community Redevelopment Loan & Investment Fund (CRLIF).”