Atlanta Neighborhood Development Partnership, Inc. (ANDP), metro Atlanta’s largest nonprofit producer of affordable homes for purchase, focused on closing the racial homeownership gap, today announced its participation in Pretium’s newly launched “First Look Home” nonprofit single-family acquisition program, designed to expand affordable home purchase opportunities. The pilot program with Pretium, a specialized investment firm, marks a meaningful continuation of a multi-year strategic partnership between ANDP and Pretium to bring more affordable housing opportunities to families in the region.

Through this pilot project, ANDP will be able to identify homes for sale by Pretium in metro Atlanta neighborhoods and elect to receive a “first look,” which offers ANDP and its local development partners a preview and the option to purchase a home prior to Pretium’s public market listing. This critical access to supply has the potential to help ANDP further scale its development and sale of quality affordable homes in ways that build family wealth and stability. ANDP expects a fully implemented program to advance Atlanta Mayor Andre Dickens’ goal of building or preserving 20,000 affordable housing units in Atlanta by 2030 – providing residents with increased opportunities to achieve homeownership.

“ANDP is focused on growing nonprofit scale and working with other market players to enhance mission outcomes benefitting families seeking affordable rental and homeownership opportunities,” said John O’Callaghan, ANDP’s President and CEO. “Pretium has provided us access to their market operations and opportunities to share notes and learn from one another. Their commitment to formalizing first-look options for ANDP could be a game changer in our ability to provide more homeownership opportunities across the region. They have also been a thoughtful partner in exploring ways to support deeper affordability through better utilization of…