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The Atlanta Neighborhood Development Partnership, Inc. (“ANDP”) was founded on the belief that quality, affordable housing located in the core of metro Atlanta should be available to working families. In the past 23 years, ANDP has impacted more than 8,000 units of affordable and mixed income housing. Today, we are leading efforts to address metro Atlanta’s housing recovery.
ANDP’s Response to the Foreclosure Crisis
When the foreclosure crisis hit, ANDP responded by launching a 6-home pilot to acquire, rehab, and repopulate previously foreclosed homes. Since 2008, we have impacted a total of 470 homes, making us one of the nation’s leading nonprofits doing this work. As a leader of the Piece by Piece Foreclosure Response initiative – a central clearinghouse for over 155 partners focused on addressing metro Atlanta’s foreclosure crisis – we have also led efforts to convene stakeholders on this issue. By hosting conferences and releasing regular updates related to foreclosures and affordable housing, Piece by Piece serves as regional thought leader on metro Atlanta’s housing recovery.
Recently, ANDP and Piece by Piece identified metro Atlanta's high underwater rates as our top priority moving forward. Nearly 30% of metro Atlanta homeowners are underwater on their mortgages, compared to the national average of 17%. Negative equity destabilizes neighborhoods by depressing home values, stripping wealth, and undermining local governments' fiscal health. To address this issue, ANDP is working to spark new market activity and lift home values in underwater neighborhoods. We are concentrating our efforts in severely underwater neighborhoods, where as many as 70% of homeowners owe more than their homes are worth.
Our Focus on Veterans
In June 2012, ANDP launched the One Home Makes A Difference initiative – a commitment to redevelop 250 homes in 3 years. We have now impacted over 200 homes through this program and are on target to meet our 3-year goal. A special component of this program focuses on serving veterans and their families, who comprise a heroic yet vulnerable demographic of our region. ANDP partners with local veteran service providers, banks, and The Home Depot Foundation to rehab homes for veterans and connect them with housing services. We have provided homes for 31 veteran families in the past two years.
Our efforts are making a tangible difference in the lives of residents like Michael Haire – a 28-year old veteran who served nearly eight years with the National Guard and the U.S. Army. Today, this young veteran has his own place to call home. Thanks to ANDP’s Veterans Program, Michael qualified for down payment assistance and is now paying $400 less in monthly mortgage payments than his monthly rental rate.
In addition to the savings, Michael is thrilled about the opportunity to transform his property: “The great thing about being a homeowner is that it’s quite a boost to your confidence. It also means you have control over your home. Paint how you want to paint. Landscape how you want to landscape. And I love landscaping!”
In the coming year, ANDP plans to rehabilitate an additional 60 homes, 25 of which will be provided for veterans and their families. As we prepare to serve this ongoing need, we ask that you join us in uplifting residents and stabilizing neighborhoods. Every donation helps to empower local families and strengthen our communities, so please consider contributing to this cause and spreading the word about ANDP to your friends and family!
ANDP is a private, non-profit organization created in 1991 to promote, create and preserve affordable housing through direct development, lending, policy research and advocacy that result in the equitable distribution of affordable housing throughout the metropolitan Atlanta region. ANDP is a chartered member of NeighborWorks®, a nationwide network of more than 240 trained and certified community development organizations at work in nearly 4,000 communities across America. Working in partnership with others, NeighborWorks® organizations are leaders in revitalizing communities and creating affordable housing opportunities for low-and moderate-income families.
Learn more about ANDP at www.andpi.org