This Decatur development features a lovely wooded setting and great access to transportation and local shopping
Forrest Heights is a very attractive 64-unit property, owned and
renovated in partnership with Noel Khalil in 1994. It is located close to the old Avondale Mall,
adjacent to the attractive communities of south Decatur and Avondale Estates. Forrest
Heights is home to perhaps the lowest income demographic profile in the PRI portfolio outside
of the Single Room Occupancy properties, with all of the units devoted to families below 50% of
the Area Median Income. Accordingly, Forrest Heights has no conventional debt.
Forrest Heights Apartments
1048 Columbia Drive
Decatur, Georgia 30030
404-289-7373
|
Property-at-a-Glance |
| Completion Date: |
1994 |
| Number of Units: |
64 |
| Developer: |
Progressive Redevelopment, Inc. and Columbia Residential, LLC |
| Architect: |
Smith Dalia Architects |
| General Contractor: |
Landan Company |
| Property Management: |
PRISM Realty Management |
| Funding Sources: |
- DeKalb County HOME loan
- Georgia State HOME loan
- Federal Home Loan Bank, Affordable Housing Program
|
| Development Type: |
Rehabilitation |
| Property Type: |
Apartments |
| Development Profile: |
16 efficiencies
16 1-bedroom units
32 2-bedroom units |
| Residential Profile: |
12 units restricted to 40% of Area Median Income
14 units restricted to 45% of Area Median Income
38 units restricted to 50% of Area Median Income |
| Amenities: |
- Access to public transportation
- Laundry room
- Playground
- Convenient to local shopping and restaurants
|
| Supportive Services provided On-site: |
Services at this community include crisis intervention and support for
community and civic involvement. |
| Total Development Costs: |
$1,344,000 |