Atlanta Neighborhood Development Partnership

Atlanta, GA (2018)

Atlanta Neighborhood Development Partnership

Community, Housing

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

CDEs

Housing Partnership Network

Investor

Unknown

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

News Stories

New markets tax credit brings 45 affordable homes to Westside and Southwest Atlanta