Delano Place Cooperative
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 |
|