Home South DeKalb

ANDP announces the launch of Home South DeKalb, a three-year initiative to lift homeownership rates, restore family wealth, increase neighborhood stability, and improve resident health and wellness outcomes in South DeKalb. With the initiative, ANDP will invest $20 million of its existing and new capital to improve areas hardest hit by the foreclosure crisis, especially those neighborhoods impacted by the lingering effects of negative equity.

At the completion of the three-year effort (ending December 2021), the Home South DeKalb initiative will result in:

  • 100 newly redeveloped single-family homes for sale

  • Increased focus on long-term sustainability and affordability of the home through enhanced green and healthy rehabilitation standards; 

  • Increased ANDP capital to developers of affordable housing,

  • Improve access to down payment assistance from sources managed by ANDP, 

  • Enhanced community engagement efforts for neighborhood leaders, and

  • A commitment to collaborate with housing, community, and governmental entities and a broader network of health, educational and other partners to improve health, equity and economic outcomes in South DeKalb.

Follow the initiative at www.HomeSouthDeKalb.org.

Frequently Asked Questions for Interested DeKalb Homebuyers

 

Q: WHERE CAN I SEE ANDP HOMES AVAILABLE FOR SALE IN SOUTH DEKALB?

A: As we acquire and renovate South DeKalb homes, they will be listed for sale on this website: www.andphomes.org/search. When the homes are priced, your real estate professional will find the homes listed on FMLS.

 

Q: WHO CAN PARTICIPATE?

A: Any homebuyer interested in purchasing a home from ANDP must have a total household income at or below 120 percent of Area Median Income (AMI) to participate in the program.  See the Maximum Household Income here.

 

Q: HOW DO I PARTICIPATE?

A: There is no special application process to participate in the program, but there are a few key requirements. In addition to the income limit mentioned above, homebuyers are also required to take a Homebuyer Education Class from a HUD-approved housing counseling agency. Details atwww.andphomes.org/homebuyer. Homebuyers are required to purchase the home using an approved ANDP lender. See the full list of lenders at www.andphomes.org/financing.

 

Q: WHAT IS THE PROCESS?

A. Here are the recommended homebuying steps to follow:

  • Schedule a homebuyer education course and speak with a counselor about your financial readiness for homeownership (credit score, budget, etc.).

  • Speak with an approved ANDP lender and get pre-approved for a mortgage.

  • Identify a real estate professional to guide you through the process, preferrably one that understands affordable housing programs.

  • Begin to identify down payment assistance options

  • Identify a home, make an offer, sign a contract and close on the purchase.

 

Many of these steps can be taken simultaneously. For more expanded details about the homebuying process, visit www.andphomes.org/start. Please see our list of homes at www.andphomes.org/search or call us at 404-420-1600.

Q: WHERE CAN I GET DOWN PAYMENT ASSISTANCE (DPA)?

A. Homes listed at www.andphomes.org/search in the “HOME Program” category, come with DPA. Homes in the “Partner” category do not come with DPA. We recommend you explore the following DPA programs:

 

Q: WHAT IF I CAN’T GET PRE-APPROVED FOR A MORTGAGE OR CAN’T SECURE DOWNPAYMENT ASSISTANCE?

A: In the event you are not able to get pre-approved for a mortgage, or you are not able to purchase a home without down payment assistance, we recommend that you meet with a HUD-approved, homebuyer counseling agency to discuss what steps are needed to move you toward financial readiness. To find a HUD-approved housing counseling agency near you, visit www.andphomes.org/homebuyer.  ANDP is also piloting a lease-purchase program that may be a fit for near-ready homebuyers.

 

AVAILABLE NOW: A detailed South DeKalb Resource Guide, which includes expanded topics on the homebuying process and more. Available now at www.HomeSouthDeKalb.org

New in Summer 2019

ANDP offers up to $7,500 in homebuyer assistance to South DeKalb FRMT

First Responders, Military and Teachers (FRMT) who purchase a home from ANDP in South DeKalb can receive up to $7,500 in homebuyer assistance. To see a list of homes available from ANDP, please visit us online at www.andphomes.org.

 

Questions? Contact Us!

James Cromartie
jcromartie@andpi.org
404-420-1597

Make South DeKalb Home!

South DeKalb Neighborhood Resource Guide

Need information about the homebuying process?

Want to learn more about how to secure a home loan? What is homebuyer education and why is it important? How can you get more involved in your neighborhood? 

Answers to these questions and more can be found in the new South DeKalb Neighborhood Resource Guide. 

See the Guide

 

ANDP HOMES  |  229 PEACHTREE ST NE STE 705, ATLANTA GA 30303  |  404-420-1600
Equal Housing Opportunity - ANDP Homes is a program of Atlanta Neighborhood Development Partnership, Inc. 
All information is believed to be accurate but is not warranted.
Offers subject to errors, change omissions, prior sales and withdrawals without notice. 
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© 2019 Atlanta Neighborhood Development Partnership

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