Atlanta Neighborhood Development Partnership

Financing of Single Family Homes for Atlanta Neighborhood Development Partnership.

Investment

  • NMTC Amount: $5,000,000
  • Total Project Cost: $5,000,000

IMPACT

  • 28 FTE jobs
  • 2 construction jobs
  • 133 affordable, single-family homes created

Investor

Voices from the Community

ANDP is a not-for-profit affordable housing development, policy, and community engagement organization serving the metro Atlanta region which has developed over 500 single-family homes for people of low and moderate incomes since 2008. NMTCs have been critical to ANDP’s increased single-family production, allowing for the development of 124 NMTC-funded single-family affordable homes since 2017. NMTCs have proven to be a highly impactful and effective affordable housing subsidy source, stabilizing neighborhoods and creating wealth in low-income communities.

-John O’Callaghan, President & CEO, Atlanta Neighborhood Development Partnership

Project Description

Financing of Single Family Homes for Atlanta Neighborhood Development Partnership. John O’Callaghan, CEO of Atlanta Neighborhood Development Partnership, saw the opportunity to leverage NMTC dollars as a path to providing a new way of revitalizing communities. “Now that the doors have been opened with New Markets, the plan is to transform neighborhoods through single family homeownership and prove it can be done at increased scale. Success helps ANDP, HPN members and other effective nonprofits to leverage and expand capital to transform more neighborhoods and help more families succeed.”

MAP

Address: 6030 Woodview Drive, Atlanta, GA 30344

Census Tract: 13121005700

Other Georgia Projects

The NMTC financed the construction of Restoration House, a 45,330 sq. ft. low-barrier shelter for homeless women and children.
NMTC financed the construction of two new @Promise Youth Centers, state-of-the-art community facilities that emphasize creating positive relationships between police officers and the community.
In order to expand production and create more high-quality jobs, Castellini constructed a new 180,000 sq. ft. refrigerated processing and distribution facility that includes 20,000 sq. ft. of LEED-certified office
Chris 180 helps at-risk children, young adults, and families through mental health counseling.