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  • Atlanta,
  • GA
  • (2018)

Atlanta Neighborhood Development Partnership

District: Nikema Williams (D-GA05)

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

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.”

External Profile
External Profile 2

MAP

Address: 6030 Woodview Drive, Atlanta, GA 30344

Census Tract: 13121005700

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News Stories

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

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