About the Fund | Products/Process | Collaborations | Federal Compliance

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The word “partnership” is critical to ANDP’s mission and all that we do. Our Loan Fund currently has active partnerships with the following groups:

Reinvestment Fund

In order to build our capacity and bring additional capital to the metro Atlanta region, in 2014 ANDP entered into a partnership with Reinvestment Fund (RF) – a strong Philadelphia-based CDFI currently serving the mid-Atlantic region. With over $2.4 billion in total investments and over 24,000 homes financed to date, RF is a nationally-renowned CDFI that has demonstrated excellence in neighborhood economic revitalization initiatives.

RF provides loan underwriting and servicing for ANDP and frequently co-lends with ANDP to finance affordable housing and community facilities projects. Since launching our partnership in 2014, ANDP and RF have jointly deployed over $27.5 million to projects supporting over 900 units of housing, three charter schools, and an early education center.

CDFI Coalition Revolving Fund (CCRF)

In 2019, ANDP joined four other CDFIs including Reinvestment Fund, Enterprise Community Loan Fund, NeighborWorks Columbus, and Southwest Georgia United to form the “CDFI Coalition Revolving Fund,” or CCRF. The purpose of CCRF is to provide low-cost financing for affordable housing projects across the state of Georgia. With an initial $8 million in grant funding awarded through the Georgia Department of Community Affairs, CCRF is focusing its first round of deployment on projects that have received 4% or 9% Low Income Housing Tax Credits. As of Fall 2021, all of CCRF’s capital is currently committed or in underwriting. We anticipate future deployment opportunities in 2022.

Federal Home Loan Bank of Atlanta

ANDP’s Loan Fund officially became a member of the Federal Home Loan Bank of Atlanta in 2019, allowing the organization to participate in the FHLB-Atlanta’s Affordable Housing Program (AHP). Through the AHP Set-Aside program, ANDP can offer down payment and closing cost assistance to low-income homebuyers earning 80% or less of Area Median Income. Although the Set-Aside program has run out of funds for 2021, we anticipate funds to be replenished in 2022. More information on ANDP’s down payment assistance offerings can be found here.

As an FHLB-Atlanta member, ANDP can also submit applications on behalf of developers who are applying for the FHLB-Atlanta’s AHP General Fund. This is an annual competitive opportunity to apply for awards of up to $500,000 per project for the acquisition, construction, rehabilitation, and development of affordable rental and ownership housing. The program requirements, scoring criteria, and implementation plan are typically released every January, with applications due in late Spring/early Summer and awards announced in the Fall. Please contact ANDP’s Loan Fund staff as soon as possible in 2022 if you have a project in mind to apply for AHP funds.