80 unit new construction multi-family property located in Hinesville, near the Georgia coast, and the home of the Fort Stewart army base
The Pines at Willowbrook is an 80-unit apartment community
constructed in 2003 in Hinesville, Georgia near the Fort Stewart military base. This
mixed-income community targets 80% of its units to low-income households earning 50% and 60%
of the Area Median Income, with the remaining 20% of the units offered at market rates.
The property has attracted persons employed at Fort Stewart and those who work at
local businesses that benefit from the strong economy generated by the base. It offers a
variety of community amenities and is ideally located near many commercial and retail
businesses. PRI helped develop and maintains a minority interest in the property in
partnership with Alan Patricio and Diana McIver, each of whom have decades of experience
in the affordable housing industry.
The Pines at Willowbrook Apartments
841 Willowbrook Drive
Hinesville, Georgia 31313
912-877-2162
|
Property-at-a-Glance |
| Completion Date: |
2003 |
| Number of Units: |
80 |
| Developer: |
Ansley Housing Partners, Inc. (Alan Patricio and Diana McIver) and Progressive Redevelopment, Inc. |
| Architect: |
Foley Design Associates |
| General Contractor: |
Keith Dykes Contracting |
| Property Management: |
Tower Management |
| Funding Sources: |
- Low Income Housing Tax Credits
- Compass Bank First Mortgage
|
| Development Type: |
New Construction |
| Property Type: |
Apartments |
| Development Profile: |
8 1-bedroom units
48 2-bedroom units
24 3-bedroom units |
| Residential Profile: |
17 units restricted to 50% of Area Median Income
47 units restricted to 60% of Area Median Income
16 units at market rate |
| Amenities: |
- Community building
- Outdoor recreation areas
- Gazebo
- Playground
|
| Supportive Services provided On-site: |
Services at this community include crisis intervention and
support for community and civic involvement. |
| Total Development Costs: |
$7,120,000 |