In addition to the great low prices, some buyers may be eligible for $10,000 in down payment and closing cost support from the Georgia Dream program.  Additionally, buyers may receive up to $2,500 in closing costs from the seller!

Some buyers may prefer to start with a lease purchase scenario. Ask us for more details on this option. For more details on each of the homes, click here. 

Less than three weeks after ANDP released its updated report on tax assessments in neighborhoods hit hard by foreclosure, many residents of local counties are seeing reduced assessments.

On April 1, we released Updated Analysis of Home Sale Prices and Appraised Home Values in High Foreclosure Rate Neighborhoods. In this follow-up to the October 2008 report, we learned that the gap between current home prices and current tax appraised values in Metro Atlanta's highest foreclosure neighborhoods expanded significantly in late 2008 as home sale prices continued to plummet in these areas.

On Tuesday, April 14, Governor Purdue signed Senate Bill 55 into legislation. Under this new law, county assessors are required to include foreclosure impacts when setting tax values.

On April 23, the AJC's D.L. Bennett reported on recent action taken by metro assessors to revalue residential properties to reflect the current market. According to the article, Clayton County lowered tax values for 75% of homes (70,000 parcels), Fulton lowered values for 30% of homes (100,000 parcels), Gwinnett lowered values for 25% of homes (60,000 parcels); and DeKalb lowered values for 6% of homes (13,500 parcels).

Given the passage of Senate Bill 55, CEO Burrell Ellis recently requested the DeKalb Board of Assessors to ensure compliance with state law.

We appreciate efforts in DeKalb, Fulton, Clayton and other counties to ensure fairness in 2009 assessments.

ANDP loan fund one of seven to receive national rating. ANDP's loan fund, Community Redevelopment Loan & Investment Fund (CRLIF) has been rated by the CDFI Assessment and Ratings Service (CARS™). Investors that subscribe to CARS™ receive detailed analyses that assess the financial strength and performance and impact performance for each CDFI rated, augmenting the underwriting and monitoring of their investment in CRLIF.

Our loan fund is one of seven CDFIs from across the country rated by CARS™ in the first quarter of 2009. According to Opportunity Finance Network (OFN), that is nearly double the number of CDFIs rated compared to the same period last year, and brings the total number rated to 46.

"The continued growth in the number of CARS™ Ratings shows that the opportunity finance industry is committed to transparency and rigorous standards," says Paige Chapel, Executive Vice President of CARS™. "The ratings provide a win-win both for investors who subscribe to the service and the CDFIs who elect to participate. Through their participation in CARS™, CRLIF is clearly demonstrating leadership in accountability and transparency," she adds.

Investors and donors interested in learning more about the CARS™ rating process should contact K.C. George. MORE

Neighborhood Summit: Neighborhood Connections, Regional Voices.

The Civic League for Regional Atlanta, in partnership with the Neighborhood Fund-a community initiative of The Community Foundation for Greater Atlanta - has announced an upcoming event to encourage dialogue on issues of mutual concern to neighborhoods across the entire metro Atlanta region.

The Neighborhood Summit, scheduled for Saturday, September 12, will be a day-long forum for neighborhood and community leaders, activists, associations, and community members to collaboratively set priorities and develop action steps to build a stronger and more vibrant neighborhood and public involvement system throughout the metropolitan Atlanta region.

Planners of The Neighborhood Summit have announced an open call for presentations. To learn more about the Neighborhood Summit or to submit a proposal for consideration, visit the website for The Civic League for Regional Atlanta.


The Greening of ANDP

With the assistance of The Home Depot Foundation, ANDP will be applying green/sustainable best practices to all of its program areas. 

Lending - Our loan fund, CRLIF, will be offering special lending incentives for developments that are incorporating green standards and practices.

Advocacy - There are many policy initiatives to be undertaken to encourage the adoption of greener building practices. ANDP's advocacy team will be embracing these policy initiatives to rally their passage.

Development - ANDP intends to secure green certifications for all future new developments.  More on this topic soon!