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Delano Place Cooperative

Photo of Delano Place

Located just off Memorial Drive, near shopping areas and public transportation, this leasing cooperative offers quality living on a wooded site.

Completed in 1993, Delano Place represented PRI's third cooperative project in DeKalb County. Once fire-damaged and abandoned, the property underwent a comprehensive rehabilitation and was restored to its original appeal - a peaceful, wooded living environment, conducive to raising a family. Offering 50 one- and two-bedroom units, Delano Place is convenient to transportation, employment centers, local shopping and other neighborhood amenities. Financed primarily with Low Income Housing Tax Credit funding, Delano Place is another product of the good relationship between PRI and DeKalb County (Georgia) Community Development Department, as they facilitated an investment in addition to the tax credits. Delano Place offers a deferred cooperative ownership opportunity for residents.

Delano Place Cooperative
1570 Delano Drive
Decatur, Georgia 30032
404-288-9999

Property-at-a-Glance
Completion Date: 1993
Number of Units: 50
Developer: Progressive Redevelopment, Inc.
Architect: Smith Dalia Architects
General Contractor: Landan Company
Property Management: PRISM Management
Funding Sources: Low Income Housing Tax Credits DeKalb County Rental Rehabilitation
Federal Home Loan Bank, Affordable Housing Program
Georgia Housing Trust Fund loan
Tucker Federal Savings & Loan (now RBC Centura)
Development Type: Rehabilitation
Property Type: Leasing Cooperative
Development Profile: (8) 1-bedroom units
(42) 2-bedroom units
Residential Profile: 25 units restricted to 50% of Area Median Income
25 units restricted to 60% of Area Median Income
Amenities:
  • Playground
  • Laundry facility
  • Public transportation access
  • Convenient to shopping
Supportive Services provided on-site: Offering residents the long-term benefit of cooperative living, Delano Place features a variety of services intended to assist families with community organizing, leadership and civic involvement. In addition, as with all PRI properties, residents benefit from access to crisis intervention services such as emergency rental and food assistance.
Total Development Costs: $1,910,000
321 W. Hill Street, Suite 3
Decatur, GA 30030
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