ANDP Loan Fund

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).”

The ANDP Loan Fund’s products and services are geared towards nonprofit and mission driven for-profit affordable and mixed income housing developers, with a focus on projects that serve neighborhoods highly impacted the foreclosure crisis. Our loan products include:

Predevelopment: Funds to support project planning, soft costs, and predevelopment activities to determine project feasibility.

Acquisition:  Funds to acquire real property to create or stabilize low- to moderate-income rental or for-sale housing.

Construction:  Funds for new construction or rehabilitation.

Bridge:  Funds to provide gap/bridge financing with short-term capital.

Lines of credit for the above purposes.


DOWNLOAD: Loan Product Summary


Since 1991, the ANDP Loan Fund has lent $36 million to finance 4,997 units of affordable and mixed income housing in metro Atlanta. The majority of households who purchase or rent housing financed by the ANDP Loan Fund earn below 80% Area Median Income, providing tremendous opportunity to uplift low-income families.

Here are a few examples of past projects financed by the ANDP Loan Fund:

  • In 2015, ANDP provided a $275,000 loan to Mercy Housing for the development of Reynoldstown Senior Residences, a 70-unit living apartment complex that will include 60 one-bedroom units and 10 two-bedroom units. In addition to ANDP’s financing, the project received funding from The Atlanta Beltline, Invest Atlanta and HOME funds from the City of Atlanta.
  • In 2014, ANDP provided a $525,000 loan to Columbia Ventures LLC for predevelopment financing of affordable and mixed-income housing included in their Avondale MARTA station transit-oriented development (TOD) project. The project will include 117 units of affordable senior housing and 24,500 sq. ft. of neighborhood commercial space.
  • In 2011, ANDP approved a $500,000 line of credit to Macallan Group LLC for the acquisition and rehabilitation of identified Real Estate Owned (REO)/foreclosure properties located within metro Atlanta.
  • In 2008, the ANDP Loan Fund provided a $100,000 predevelopment loan to Adamsville Green, LLC, a subsidiary of Progressive Redevelopment, Inc. for an independent-living senior residential community loacted in the City of Atlanta’s Adamsville neighborhood. The loan supported the creation of 87 affordable units for low and moderate income seniors.

With more than $40 million in total investments and more than 5,300 units of housing financed, the ANDP Loan Fund is appreciative of the support and investment from the following:

Joseph B. Whitehead Foundation

The Northern Trust Company


RBC Bank Georgia

The Annie E. Casey Foundation

Bank of America

Guaranty Bank


NeighborWorks America


For more information on how you or your organization can invest in our loan fund, please contact:
Ashani O’Mard
Senior Director for Capital Development
(404) 420-1582

ANDP Loan Fund & Partners Establish Equity ATL Collaborative

JPMorgan Chase & Co. has awarded a $4 million grant to Equity Atlanta Collaborative— a new group that brings together Access to Capital for Entrepreneurs Inc. (ACE), Atlanta Neighborhood Development Partnership (ANDP), and Reinvestment Fund. The nonprofits will work together to provide targeted loan capital and consulting services for high-quality affordable housing projects and small businesses in underserved communities in south Atlanta and Gwinnett County.

As part of JPMorgan Chase’s PRO Neighborhoods initiative, the new Equity Atlanta Collaborative partnership was selected and is one of five projects nationwide led by Community Development Financial Institutions (CDFIs) to accelerate economic recovery. The five CDFI collaboratives selected for the grant are located in Atlanta, Chicago, Detroit, Miami and New York. A total of $20 million will be granted this year as part of JPMorgan Chase’s $125 million, five-year PRO Neighborhoods commitment.

These collaboratives bring CDFIs together to pool resources and expand lending activities for important projects such as building affordable housing, education facilities, opening retail centers, and supporting main street businesses in key neighborhoods. The Equity Atlanta Collaborative will focus on creating or preserving over 700 affordable housing units and establishing over 1,000 jobs through small business and housing development.  MORE

ANDP Partners with Reinvestment Fund for Increased Impact

In order to build our capacity and bring additional capital to the metro Atlanta region, in 2014 ANDP entered into a partnership with Reinvestment Fund – a strong Philadelphia-based CDFI currently serving the mid-Atlantic region. With nearly $2 billion in total investments and over 3,100 projects financed to date, Reinvestment Fund is a nationally-renowned CDFI that has demonstrated excellence in neighborhood economic revitalization initiatives. Our partnership with Reinvestment Fund will enhance our ability to build affordable housing and community assets throughout the Atlanta region and the state of Georgia.  Read more about Reinvestment Fund’s work in Atlanta.


Our target borrowers are local affordable housing developers (non-profits and mission-driven for-profits) who have proven track records in low-income neighborhoods. Our current priority is funding those developers who are engaged in foreclosure redevelopment of single family homes.

Working on a project that needs development capital?  Tell us more about your interest in capital for your development project. TELL US MORE



For more information on how the loan fund could support your project, please contact:
Yonina Gray
Director of Business Development
(404) 420-1593