Housing Development – ANDP has been partnering in the preservation and development of affordable housing since 1991. Our current housing development focus is responding to the foreclosure crisis in metro Atlanta neighborhoods. Our foreclosure redevelopment activity has resulted in the acquisition, rehabilitation and repopulation of nearly 470 homes in 20 metro counties. In 2013, we launched an affordable housing program for Metro Atlanta’s veterans. To learn more about our housing development activity, visit www.andpi.org. To learn more about our veterans program, visit www.andphomes.org/veterans.
Housing Finance – The ANDP Loan Fund is a U.S. Treasury Certified Community Development Financial Institution (CDFI). The fund provides capital for community redevelopment in the form of acquisition, predevelopment, construction and bridge loans. Our current funding priorities are foreclosure redevelopment and neighborhood stabilization. Since its inception in 1991, ANDP loans have supported the creation of 4,997 units of mixed income and affordable housing. In 2014, ANDP formed a strategic relationship with one of the nation’s leading CDFIs, The Reinvestment Fund, to strengthen its core operations and prepare for future growth. For more information about our lending, visit www.andpi.org/loanfund.
Research, Policy & Information – ANDP’s research and advocacy efforts are also centered on foreclosure response. At the onset of the foreclosure crisis, we led the fight to increase Homestead Exemption rates in the City of Atlanta and Fulton County. We also provided regional county assessors with research documenting the impact of foreclosures on property values – to ensure proper taxation. Our tax policy work has saved lower-income families in Atlanta/Fulton $36.2 million annually. As it has done throughout its history, ANDP continues to serve as a catalyst and convener to many sectors through Piece by Piece – A Foreclosure Response Initiative. Through Piece by Piece, more than 150 partners are sharing best practices, identifying new solutions and working to strengthen the regional response to the foreclosure crisis. Our current focus on reducing the impact of negative equity in communities struggling to rebound from the housing crisis. To learn more about the Piece by Piece initiative, visit www.piecebypieceatlanta.org.