2019 in Review: Home South DeKalb

Home South DeKalb is a three-year initiative to lift homeownership rates, restore family wealth, increase neighborhood stability, and improve resident health and wellness outcomes in South DeKalb. With the initiative, ANDP will invest $20 million of its existing and new capital to improve areas hardest hit by the foreclosure crisis, especially those neighborhoods impacted by the lingering effects of negative equity.

 

2019 Home South DeKalb Results

  • Execute the Home South DeKalb Initiative to lift homeownership and improve quality of life for residents of South DeKalb

    • 2019 Results:

      • Collaborated frequently with our lead partner, DeKalb County Government

      • Hired James Cromartie to lead ​Home South DeKalb 

      • Assembled and convened a 60+ person Advisory Council

 

  • 100 newly redeveloped single-family homes, with a focus on homeownership;

    • 2019 Results (As of December 1, 2019):

      • 35 Homes acquired

      • 28 Homes Renovated 

      • 6 Homes in Renovation

      • 16 Homes Sold

      • 13 Homes Currently Available (www.andphomes.org)

      • Additional Acquisitions Forthcoming
         

  • Increased focus on long-term sustainability and affordability of the home through enhanced green and healthy rehabilitation standards; 

    • 2019 Results: ​

      • ANDP has consulted with Southface, the Southeast's leading proponent of sustainable development, on its renovation standards.

      • We are conducting energy audits on homes renovated with our green and health sustainability rehab scope, homes renovated with enhanced recommendations from an energy auditor, and homes renovated to EarthCraft Renovation certification standards. 

      • Of the homes receiving energy audits, we have documented a 16.4% decrease in average gas usage, and 23% degrees in electricity consumption. Aside from the substantial reduction in greenhouse gas emissions, this also equates to a 22% reduction in utility costs for the average homeowner.
         

  • Increased lending from the ANDP Loan Fund to developers of affordable housing;

    • 2019 Results:

      • On October 30, 2019, ANDP hosted a "Community Development Capital Conversation" with more than 50 DeKalb County stakeholders interested in learning more about capital for affordable housing, community development, and small business development. 
         

  • Access to down payment assistance from sources managed by ANDP;

    • 2019 Results:

      • As a part of the NeighborhoodLIFT program offered by Wells Fargo and NeighborWorks America, ANDP and its partner NeighborWorks Columbus worked to connect 79 low and moderate-income  South DeKalb Homebuyers to a total of $1.2 million in down payment assistance - an average of $15,284 per homebuyer.

      • ANDP has provided or connected its own South DeKalb homebuyers with an additional ​​$79,900 in homebuyer assistance, an average of $6,500. 

      • We launched a special homebuyer assistance offer to DeKalb County public safety, military personnel, nurses and teachers. Qualifying participants can receive up to $7,500 in homebuyer assistance.

      • We are working to identify new sources of down payment assistance
         

  • Enhanced community engagement efforts for neighborhood leaders,

    • 2019 Results

      • In June 2019, ANDP moved it's 5th Annual "Neighbors Together" neighborhood leadership training event to South DeKalb. More than 100 formal and informal neighborhood leaders attended the event. The focus of the event was connecting tomorrow's emerging neighborhood leaders with current leaders nearing retirement. 

      • ANDP's Neighbors Together team includes three representatives of South DeKalb communities.

  • A commitment to collaborate with housing, community, and governmental entities and a broader network of health, educational and other partners to improve health, equity and economic outcomes in South DeKalb.

    • 2019 Results​

      • With our lead partner, DeKalb County Government, we crafted a South DeKalb Neighborhood Resource Guide that acts both as a guide to prospective homebuyers, but also an overview of county programs and services that can improve quality of life for residents.

      • ANDP launched a sub-initiative, Healthy Neighborhoods, in partnership with the YMCA to provide our South DeKalb homebuyers with a year of free membership to their local YMCA.

      • In August, ANDP partnered with the Urban Institute, National Association of Real Estate Brokers (NAREB) and NeighborWorks America to host a half-day Summit to promote affordable homeownership as an important wealth creation strategy for lower-income African American families.  The summit was attended by over 200 participants and DeKalb County CEO Michael Thurmond served as a keynote speaker for the event.

We look forward to continuing work with our partners at DeKalb County Government, our Home South DeKalb Advisory Council and many other stakeholders to further the goals of this initiative.

Questions? Contact James Cromartie at 404-420-1597 or jcromartie@andpi.org

 

 

Home South DeKalb FAQs

I'm interested in buying a home in South DeKalb. What are my next steps?


As we acquire and renovate the South DeKalb homes, they will be listed for sale at www.andphomes.org/search, under our "Partner Homes" category. As the homes are priced, your Realtor will find the homes also listed on FMLS. Interested buyers should have a total household income at or below 120% of Area Median Income. See the Maximum Household Income table at www.andphomes.org/programs. Homebuyers are required to take a Homebuyer Education Class from a HUD-approved housing counseling agency. Details at www.andphomes.org/homebuyer. Homebuyers are also required to purchase the home using an approved ANDP lender. See the full list of lenders at www.andphomes.org/financing.




I'm a developer of affordable housing and I'm interested in capital for my project in South DeKalb.


The ANDP Loan Fund provides capital for development of affordable housing and community facilities. Loan products for qualifying projects 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. To learn more and inquire, visit www.andpi.org/loanfund




I'm a community leader or concerned citizen and I would like to participate in leadership development training.


ANDP's "Neighbors Together" initiative provides training for neighborhood leaders (formal leaders and informal leaders). As a part of the Home South DeKalb initiative, we plan to work closely with South DeKalb residents on issues impacting their neighborhoods. To inquire about participating in "Neighbors Together - South DeKalb," please send an email to Susan Adams at sadams@andpi.org





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