Belvedere Pointe was the first multi-family housing project ever undertaken by PRI. In 1991, these apartment units were vacant, dilapidated and a drain on the nearby Belvedere community in south DeKalb County (Atlanta). Responding to a request from the county for help in their redevelopment, PRI combined several layers of public and private financing to fund a complete rehab of the property and then oversaw the construction. Once completed, the 24 solid and attractive units were marketed to residents as an owner-occupied Cooperative, which PRI created and nurtured through its early years. Belvedere Pointe, along with the several other DeKalb properties that PRI has developed over the years, has been an integral part in the revitalization of the Memorial Drive corridor and adjacent communities. With its very low cost basis, the equity and security of homeownership was made available to very-low income families.