ANDP Affordable Home Purchase Programs

ANDP Homes offers a number of affordable homes for purchase. Because these homes were purchased and rehabbed with many different program sources, there are different program requirements. Below is a quick overview of our current programs. Note that programs are subject to change. Additional program requirements apply.

ANDP HOME PURCHASE PROGRAMS
Program Available Jurisdictions Qualifying Homes Amount of Assistance

Maximum
Household Income

Assistance
Forgiven?
NSP Douglas, Gwinnett and Rockdale counties. Our NSP program homes listed here. Up to $25,000. Varies by jurisdiction 120% AMI. See table below, adjusted for number in household. Yes. 5-20 years depending upon jurisdiction.
HOME/CHDO City of Atlanta, DeKalb and Gwinnett counties. Our HOME/CHDO program homes listed here. Amount varies and is determined by homebuyer need. 80% AMI. See table below, adjusted for number in household. Yes. 5-20 years depending upon jurisdiction.

OTHER

(ANDP, CRC, CSW, JOE, PGH, PMA, RED, SYL)

Multiple counties in the Atlanta MSA. Our "Other Homes Available as listed here. No assistance automatically paired with these homes. See ANDP Down Payment Assistance programs below for options. 120% AMI. See table below, adjusted for number in household. Varies by source of down payment assistance.
For the aforementioned home purchase programs, homebuyers are required to complete an 8-hour Homebuyer Education Course. Homebuyers must also occupy the home they are purchasing and own no other property at time of closing. Homebuyers are often required to contribute a minimum of $1,000 or 1% (amount varies by program and jursdiction) of the price of the home toward the home purchase transaction. Buyer pre-paids such as appraisals, inspections and Homebuyer Education Course fee may be applied toward this requirement.

 

ANDP Down Payment Assistance Programs

NSP and HOME/CHDO programs referenced above are federally backed programs that are paired with down payment assistance for qualifying buyers. ANDP's "OTHER" category of homes does not come paired with assistance. For buyers considering these homes, the following down payment assistance programs may be an option.

ANDP DOWN PAYMENT ASSISTANCE PROGRAMS
  Buyer Residency Requirement Qualifying Homes Amount of Assistance & Household Income Limits Assistance Forgiven
Over Time?
Veterans Program
(Guide)
None. But buyer must be a veteran, active duty, reservist, guard member or Gold Star family member.

All homes listed here

Up to $5,000 for Buyers with HH Income
<120% AMI

Yes.
Forgiven over 5 years.

AHAP Option 1
(Guide)
Must currently reside in City of Atlanta or Clayton, DeKalb, Douglas or Fulton counties. Only qualifying ANDP homes as listed here.

Up to $30,000 for Buyers with HH Income
<80% AMI

Up to $20,000 for Buyers with HH Income
<
120% AMI*

No. Assistance is repaid upon resale, refinance, nonresidence or 50 years, which ever comes first.

AHAP Option 2
(Guide)
Must currently reside in City of Atlanta or Clayton, DeKalb, Douglas or Fulton counties. ANY home in the following Atlanta Neighborhoods: Pittsburgh, Ashview Heights, Atlanta University Center, Vine City or English Avenue.

Up to $30,000 for Buyers with HH Income <80% AMI

Up to $20,000 for Buyers with HH Income
<120% AMI*

No. Assistance is repaid upon resale, refinance, nonresidence or 50 years, which ever comes first.
AHAP Option 3
(Guide)
Must currently reside in City of Atlanta or Clayton, DeKalb, Douglas or Fulton counties. Any home in the City of Atlanta or Clayton, DeKalb, Douglas or Fulton counties. Up to $30,000 for Buyers with HH Income
<
80% AMI*
No. Assistance is repaid upon resale, refinance, nonresidence or 50 years, which ever comes first.

*Honorably discharged Veteran, Active Duty Military Personnel, Reserve Members, Guard Members and Gold Star Family Members participating in this program may earn up to 120% AMI and receive up to $30,000 in assistance.

For all aforementioned down payment assistance programs, buyers are required to contribute $1,000 toward the purchase of the home. Buyer pre-paids such as appraisals, inspections and Homebuyer Education Course fee may be applied toward this requirement. All buyers must complete a homebuyer education course from a HUD-approved agency. All homebuyers are also expected to make the purchased home their primary residence and they can own no other property at the time of closing. Homebuyers are NOT required to be "first-time" buyers.

*While homebuyer assistance may not be provided by ANDP in some cases, there are other resources for asssistance. To learn more about other homebuyer assistance programs, visit www.downpaymentresource.com/homebuyers.

 

Maximum Household Income Limits

Affordable housing programs are designed specifically to aid families who need assistance based upon their income and household size. Income is examined as it relates "area median income" levels as set by U.S. Department of Housing & Urban Development (HUD). Below you will find the income limits based upon category and number of persons in the household.

HUD MAXIMUM HOUSEHOLD INCOME LIMITS
Household Size 50 % AMI 80% AMI 120% AMI
1 $23,650 $37,800 $56,700
2 $27,000 $43,200 $64,800
3 $30,400 $48,600 $72,900
4 $33,750 $54,000 $81,000
5 $36,450 $58,350 $87,525
6 $39,150 $62,650 $93,975
7 $41,850 $67,000 $100,500
8 $44,550 $71,300 $106,950

Example: To participate in the HOME/CHDO program, it is required that total household income is 80% or less of Area Median Income (AMI). Thus, in the chart below, we see that a family of 4 can have a total household income of no more than $54,550 to participate in the program. Note that programs often have differing income limits. Families purchasing an NSP program home, can earn up to 120% of AMI. Note that maximum household income levels includes all household incomes.

 
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