1. ANDP Veterans Program Webinar Thursday, March 28, 2012 Presented by George Burgan, Director of Communications Natallie Keiser, Housing Development Consultant

2. Quick overview of ANDP The ANDP Veterans Program Team Our Partners Program Overview – Qualifications & Requirements Assistance Provided The Homes Sustainable Rehab Closing Process www.ANDPHomes.org/veterans TODAY’S AGENDA

3. HOUSING DEVELOPMENT Developing or partnering on developments of quality mixed income communities. CURRENT: Regional acquisition, rehab and repopulation of single-family units. ABOUT ANDP 22-year nonprofit focusing on affordable and mixed income communities. Serving Metro Atlanta Region 8,000 + units of housing developed, financed or invested since 1991. Programs: Housing Development, Housing Finance (CDFI), Advocacy Since 2008, focused predominantly on responding to the foreclosure crisis 332 homes impacted since 2007 (Pilot, NSP, Veterans, other)

4. HOUSING DEVELOPMENT Developing or partnering on developments of quality mixed income communities. CURRENT: Regional acquisition, rehab and repopulation of single-family units. ANDP VETERANS PROGRAM THE TEAM Tayani Suma, Underwriting Natallie Keiser, Program Consultant Susan Adams, Staff Program Consultant George Burgan, Marketing Lee-Ora Segel, Program Support Zenovia Palmer, Program Support LISTING AGENTS Jason Harris, Re/Max Greater Atlanta Bill Thomas, Tri-County Realty PARTICIPATING LENDERS HomeStar Bank of America

5. HOUSING DEVELOPMENT Developing or partnering on developments of quality mixed income communities. CURRENT: Regional acquisition, rehab and repopulation of single-family units. OUR PARTNERS

6. ANDP has designed a special initiative to meet the housing needs of Veterans in our region. With this initiative, ANDP will lease and sell affordably priced single-family homes and offer down payment or other assistance to qualified tenants and buyers. Rental & Lease Purchase Options. With the homeownership portion of the program, qualified buyers can receive up to 35% of the sales prices in down payment or other financial assistance. Assistance is provided in the form of a zero-percent, second mortgage. The assistance is forgiven over a five year period, pro-rated 20% each year. All homes offered for sale or lease have been rehabbed to move-in ready condition. ANDP VETERANS PROGRAM

7. ASSISTANCE PROVIDED # In Household60% AMI80% AMI120% AMI 1$31,080$37,150$55,700 2$35,520$42,450$63,650 3$39,960$47,750$71,600 4$44,340$53,050$79,550 Percent of Home Price that will be Provided as Down Payment Assistance 35%25%10% Example: If buyer purchases a home priced at $100,000 $35,000 in assistance$25,000 in assistance$10,000 in assistance * HUD Income Limits change on an annual basis. Limits above are effective December 11, 2012

8. HOW THE SOFT SECOND HELPS Without Soft Second With Soft Second Home Price $ 100,000 Closing Costs $ 7,200 $ 107,200 Buyer Contribution $ (1,000) $ 106,200 25% Soft-Second Assistance $ - $ (26,625) Loan Amount $ 106,200 $ 79,575 Monthly Mortgage Payment $ 483 $ 362 (3.6% Fixed, 30 Year, Example Does NOT include Taxes or PMI)

9. PROGRAM QUALIFICATIONS To qualify for the ANDP veterans program, buyers must meet the following qualifications: Honorably Discharged, Active Military or Gold Star Family. Must be able to qualify for a mortgage by an approved lender. Must not own another home, must make purchased home primary residence. Buyer NOT required to be a first-time home buyer. Complete a HUD-approved home buyer education course. Meet household income qualifications based on HUD Income Limits. Must complete ANDP Veteran Program Application

10. Gold Star Families Department of Defense defines Gold Star families as: widows, parents and next of kin of members of the Armed Forces of the United States who lost their lives while: engaged in an action against an enemy of the United States; engaged in military operations involving conflict with an opposing foreign force; serving with friendly foreign forces engaged in an armed conflict in which the United States is not a belligerent party against an opposing armed force.

11. THE HOMES

13. SUSTAINABLE REHAB  To ensure the long-term sustainability of the home and long-term affordability for families, every effort is made to retrofit homes with energy efficiency in mind. In addition to efficient appliances and fixtures, considerable attention is given to the “envelope” of the home. Attic space is sealed and blown insulation is installed. If a crawl space exists, a vapor barrier is installed. If appliances are purchased for rehab, Energy Star appliances are selected. If toilets and faucets are replaced, Water Sense items are selected. If furnace, AC or HVAC units are replaced, energy saving units are selected. Doors and windows are weather-stripped. No-VOC paints and stains and low-VOC carpeting are used.

14. PROCESS LOAN TYPES: FHA, Conventional, VA, USDA (in process) Layering with other subsidies is possible (NeighborhoodLIFT, Georgia Dream, etc.) At time of offer income and military status verification required Purchase and sales agreement submitted, with buyer agreeing to stipulations Program application & Loan application submitted together to ANDP

15. www.ANDPHomes.org/veterans Program Overview Program Guide Application Participating Lenders Available Homes Homes “Coming Soon”

16. ANDP VETERANS PROGRAM CONTACTS ANDP STAFF Tayani Suma, Director of Development, 404-420-1607, tsuma@andpi.org Natallie Keiser, Program Consultant, 404-420-1601, nkeiser@andpi.org Susan Adams, Program Manager, 404-420-1595, sadams@andpi.org George Burgan, Marketing, 404-420-1583, gburgan@andpi.org Lee-Ora Segel, Program Support, 404-420-1597, lsegel@andpi.org Zenovia Palmer, Underwriting, 404-420-1590, zpalmer@andpi.org LISTING AGENTS Jason Harris, Re/Max Greater Atlanta, 678-355-0121, harrisjh@bellsouth.net Bill Thomas, Tri-County Realty Solutions, 770-222-2245, bill@tricountyga.com PARTICIPATING LENDERS Bank of America John Gay, Mortgage Loan Specialist, NMLS ID: 54433, Phone: 678-987-4986 Fax 1-866-409-9253 HomeStar Financial Corporation Kimberly Johnston, Branch Manager/Mortgage Loan Originator, NMLSR ID: 222894 Phone 678-552-3623 Fax 1-866-305-9739

17. THANK YOU