Box 22, Folder 19, Document 17
L1 u n
Low Rent Public Housing
- P r or::rn.m :
Nat lre a nd P~ r pose : Th i s p r og r am provid es loa n s or guarant e es of loans to loca l h ou sing a uth or i t ies to a ssis t t h em i n the dev e l oo~e~t of s afe , decent and s ani ta r y lo w- rent h ou s ing p r o jec ~s · f or low- i n c ome fami lies a nd others wh o c a nnot affo r d s tandard private h ous i ng . Th is p rog r am a lso provi des annua l cont ribu tion s to l ocal hous i ng authoritie s to a s s i st t hem i n ac h i evi ng and ~aint a ini ng t he low- rent chara c ter of th e projec t s. Thi s p rogram provides dire ct benefits f or pov e rty- s triken p eop le . Th is p rog ram als o provides f i nanc ial assis tance t o loc a l h ousing a ut hori t i e s t o ass i st them i n meeting t h e s pecia l housing nee ds of th e l ow- inc ome el de r ly . When p roviding a cc ommodati ons des i gn ed s pe c ific a lly for the eld e rly, higher t han normal;.~Low- Rent Public Hous i ng Pr ogram~ per r oom c os t ~ l i mitat ions a r e permitted . An ad di t iona l contributi on t o th e loc al h ousing a u thor i t y ( up to $120 pe r dwelling u nit p er yea r ) may be a uthorize d . ~Ii
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~ ~s-.? Eligib i lity : ~h e a pp licant a ge ncy mus t b e a l ocal housing a u tho rity estab li sh e d by th e loc a l government , u nde r s tate ena bling legi slation, to be eligible . The f o rmal a pp lic a tion m~s t b e a pp roved by the local g ove rning body . The Atlanta Hous i ng Authority op era tes the prog r am f or th e Cit y . Although t he prog r am is gene r a l l y l i mi ted to low- i n c ome fami l ie s, s i ngle pe rsons a re eli gi b l e f or a dmi ss i on i n ~he case of the e l de rly, ha ndic apped , a n d th ose dis p laced by u rba n renewal or other gove r mnent a l a c ti on. ~here a r e on ly f i ve r eal f a c to r s de termi n i ng elig i bi: ity t o l ive i n At l anta Public Hous ing :
( 1 ) The a ppl ic a nt must hav e\an address in Metropol i -::2. ::. Atlanta . Th is doe s n ot mean h e mu s t hav e r es id enc e :o~ any l ength of time , bu t he mus t be living _; u pon a pp li cation somewh e r e in t he a r ea . ( 2 ) The a pplic ant may no t have a net inc ome ( determ~ncc ~ram g ross r epo r ted inc ome, emp loyer 1 s records, and incl~d ~ng ce r t ain deduc tions for chi l dren, health , and other f acto~s ~ighe r than the maximums estab l ished by t he Housing frnt :o r~ty . '::::-,ecc af'c : fo i' a family o: 1 - ;i;3,G0 0 ; 2 - :;i3_, i,.0 1 ; 3 - :-~~ .ovv; Lr - ~;3, 800; 5 - '.;i4 , 000 ; 6 - :;;! ~, 300; 7 - '.;:LJ., L,.00; J - :::._,., ::) C\.~ ; S - :;L~, 600; 10 or more - :;).;., 7 00 . Tl esc cw ,..axin,tEl :.:..~-:.12u::·. c2 -,.,,.·,. ·rcre ,:,et i' n Dc•c ~r.w,cJJlb /\.""\.,.l:, ·~ 1 965 !:'."' ' a ·r. -'-- '1 t:.:' .l~i· , , .· - -: " ---. · · ,·~ s,-' S -...L uL ~V s '/ .._, ~ir.cc t:n e lS,50 ' s . Once el.::..t:.::ibi2. i -cy has b8e n :;:' cn::.:-1~· , :.·;..-.::.::.lie s ~ay earn more t han t he maxiiw and cont i ue oc cupanc y ~p ~o certain limit s . The se c ont i nue d occupancy max imums ar2 ..L
�Page 2 .
continu ed :
$3J750 for one person, rising a t increments of about $ 300 pe r person) to a maximwn of $5 ,875 for a famil y of 10 or more . Every family moving into public housing must show some sourc e of income whether it be employment ., welfare or social security.
( 3) Families of 10 or mor e must receive a special waiver from the authority to be eligi b le . All other families., me eting other qualifications, a re eligib l e . ( 4 ) Fai,,i l ies must pass a p olice check as to ·moral chara cter . Wh il e pa st convictions will not prohi bit eligibility., being presently wanted f or a_ c rime will. (5) Each family must demons trate the physical and mental capacity to care for themselves without placing a burden up on the Housing Authority . I n addit ion, there are two further requirements for the e lderly : (a) a doc t or ' s heal t h certif i cate,; (b) a spons or 1~h o can be called in case of death or illness . ?ina lly., f i r st priority i n public h ousing goe s to persons who ha ve b een di splac ed by gov~ r mnent housing . Although occupancy is 99% full, space is held to a very s mall degree for such pe r sons . The Housing Autho r ity wi ll also house persons on a n eme r Gen c y basis. 8 or 9 Cuban families are now being so housed . Re nts are determineddupon th e basis of income ., s ou r c e o:r i n come., family siz.e , standar d deduc tions ., · n e eds and o-'che r vari a bles including t h e nwnber of children under s ch oo_ ~?e . The mi nimum rent is $20 and rent can be as high as $0 5 or mor e . For the elderly t he av e r age rent is $29 . 00., while the minimwn elderly rent in a high rise is $25 . 00. Present Utilization : 8.,784 units built., llL~O units i n planning, 1200 units reservation made but n o planning as yet. Total funds re c eiv ed to date - _$63,808,000 . 00 f or 15 projects . Name
.. r..d s
Da te Bt:.i lt ,...,
Te c hwood Clark Howell Capitol Gr ady Carve r Ea rris Pe rry Bowen Uni v ers i t y J ohn Hope Egan Herndon Grav es * Childs * Palrr,e:c *
6 04 630 81 5 616 900 510 1000 .650 67 5 606 548 520 210 250 250
2, 61 9 ., 000 3 ., 215 ., 000 3 ., 634 ., 000 2 ., 490 ., 000 10., 200 ., 00 6 ., 397., 000 9 .,217., 000 9 .,7 36,000 2 ., 523 ., 000 2 ., 595 .,000 1., 942 ., 000 1 ., 883 ., 000 2., 177.,000 2 J780Jooo 2,400JOOO
- -z_ --
1936.) 1940 1941 194 2 ·1953 1957 1955 1 964 19LW 19~-0 1941 1941 1 965 1965 1966
Ra c e -" W \\'
w ( I) 4 K N \1:
K N N K N N
1,.r ( I)
Unit s for the eld e rly only . Th e re are 2 ) 383 (inc . udi n g tho s e i n Gr a v e s ) Chi ld s ) and Palmer) e lderly units sc a ttered t h rough out the pro j e cts.
Dn l ... ~ o the rwis e noted) st ructur e s are 2 or 3 stori es hi gh a nd d o not h a ve hall ways.
A hi gh - rise with hall ways.
I t is intere sting to n ote t h at in 1941 about 550 uni~s c os t 2 million dollars; today 2 million will not buil d half t h at many u nit s .
Th is means that the p ro j ect is predominantly white with a s ma ll amount of integration. Wh en (I) is not s h own it indicates the project is 100% of the indicated race.
�Pr og rarr,:
Low Rent Public Housing ,
Turnkey 11 Me t h od
Nature and Puroose : ~h is is a new techni que for the p r ovi s ion of public housing which permits a priv ate deve loper o r buil der to de a l with a local hous ing authority in essent i ally th e same way a s h e is accustomed to deal with his private cli ent s . Und er th is s y stem, c alled t he 11 turnkey 11 approach, a develop e r who has a site or an option, or c an obta i n one, may approach the Atlanta Housing Autho ri ty with a p ropos a l to buil d in accordanc e wit h p l ans a nd specifications prepared by his own arc hitect and to a standard of good desi g n , quality and workmanship . In the ev ent that the deve lop e r 's propo s al is a ccep t able to -ch e Housing Au th ority , th e p a rties 1,.rill e:-.te r into a contrac t unde r which t he Housing Authori t y . a g r ees to purcha se t he c omp leted b uil d ing . Th is c6ntract will be backed by t he Housing Assistance Adminis t r ation 's financial assistance c ommitment to the Hous ing Auth ority , a nd it will enable the d evelope r to s e cure comme rical c onst ructi on financin g in his usua l way . It is anticipated that the developer will be worki n g wi -cn architects, contractors and subcont ractors of his own choice and will bring to the Housing Autho ri ty t he benefit s of his experi enc e and know- how i n p rodu c ing the desired hou s i ng and related fa ciliti es and amenities . The housing $hould be suitabl e , wel l-desig ned, and well constructed, able to stand hard wear f or at least 40 ye a rs , be designed fo r e con omi c a l admini s trati on and mai nten a n ce , b e produced in the most efficient and economic a l ma n ner , and be J,oc a ted i n fte;i. e;hb Q;rh QQQ § t hg. t will prQvide o. t@ti: - -t l1= fui a· a d~cent ~nvirorune nt and on site s a cc eptabl e t o t h e Housing Auth ori ty a nd HAA f or l ow- r ent hous i n g . It will be necessar y for the developer and the Housing Authority to d iscuss in g ene ra l terms the types and si zes ( n umber of b e d rooms) of the h ous ing and f a cilities to be deve lop e d . Th e d e velope r s h ould con sult wi th t he Housin g Authorit y f rom t i me t o time during t he course of his planni n g t o insure t h e a cc e p tance of his p l ans when th ey are dev e lop e d . In or d er t o p r omote .s maller p ublicly - owne d d ev e lopme~t s , e spe cially to enable l ow- income families to l iv e i n tn e same e nvironmen t with famili e s o r i n div iduals of highe r i n c ome a n d possib ly u nde r arrang eme n ts whe r eb y th e t ena~0 s a nd the p rop e r ty a r e no t s p e cifi c a lly id e nti fied as be i ~g pu blic or priv at e . Fo r thes e r e as ons d ev el op e r s ar e enc ourag ed to prop o se sites cons i de r ed· t o b e t oo l a r 6 e fo r e xclus ive ly publ ic h ou s i n g to p l an comb ined priva te - p ublic d evelooment s which will be n e fi t b oth t he l ow- i n come tenants s ub s i di z e d by t he HAA t h r ough t h e Hous ing Autho rity ~nd t t e te na nts of th e d ev e lop e r who may be low, mid d l e , or h i ghe r inc ome , dep endin g on fina n c ing and e conomic fea sib i l ity . Suc h a c omb i nat ion could als o i n clude c ooperativ e or cond ominium housing .
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�Pa~c 2 .
Eligibility : Private developers wh o h ave sites or op tions on sites should contact the Atla nta Housing Authority.
Present Ut ilization : This s h ould be an e x c e llent means through which None. t o c onst ruc t in a s h orter length of time the 1,200 units f or wh ich t he Atlanta Housing Authority presently has a reservation .
FHA 221 Mort gage Insuranc e for Low and Yio derate Priced Homes.
Nature and Purpose : A program of mortgag e insurance to assist p rivate i n dustry for the c ons tructi on or rehabilitation of individua_ sales h ousing , and for the purchase and r epa ir of new or existing multi - family units (up to 4 - family units) that are to be sold or rented to low - income fam ilies . The p rog ram p r ovioes h ousing for families dis plac ed by urban r enewal or 0-.:-. : ..-:..· g ove rnment a ction . Also for fc.r:-.ili es wi th low or moderate incomes and elderly or handicappe d persons . FHA d o es not g rant mort gage insurance d irectly to the contrac to r . I nstead upon approach by a con tra ctor , and foll owing app rova l a s to pr op e rty standards, location, need, e tc., t he FHA issues a commit tment to the con tr a ctor to issue 221 mortgage insuranc e to the buyers of t h e homes once th ey are built . The contra ct o r then finances his operations a s normal on t he private market . 221 mortgag e i nsu rance is also ava ilabl e f or non - new const ruction when an ind ivi dual is buying a house and rehab ilitat ing it to live in. The s ame elig i bilities and down payments apply . Normally, the FHA mort gage insurance will be for all c osts . Howeve r, if constru ction has started on the house b e fore the 221 i ns uranc e 1'ias rec eiv ed , th e mort gage i nsur ed cannot be for mo re t han 90% of value. Ad ditiona lly, i f the borrower is no t to be an o wne r - occupier (for example, a person renting hous i ng or mul ti - family units), . or if he is refinancing the p roperty, the mo rt gage c annot be more than 85% o f t he a mount
- Ln:;n,n·ab:Le for an own@ t=occupie r., or 85% of the prop ei :cty v lu ,
wh ichever is less . Norma l ly , the max i mum mort gage term is 30 years . How ev e r, it c an be increased to 40 years when: ( a) in t he c ase of a d is plac ed family, the FHA dete r m~nes the mort gagor c annot make the required payments on a short e r - t erm mor t gage, ( b) in the c ase of ot h er mo rtgag ors, the mor t gag o r is ~he owner-occupant . and the FHA determines he c an 1 t ~ake the necessa ry payments in a shorter - term mort g a g e , p rovided the h ouse was a pp roved by FHA or VA before, and ins pe c ted during, construc t ion . Normal ly , builders have sold home s at a pri c e allowing fo r the maximu..'n mortgage to c over the pu rc hase price . Th ere f ore , the average purchase price would n o r,.ally b e the max imum mortgage to cover the purc hase price. Theref ore, ~t he avera ge pu r chase pric e would normally be the maximum mortgag e plus $ 200 for certifie d buyers or p lus 3% fo r other s.
Atla nt a t he maximum mo rtgage has ri sen a s the national maximum has risen. However, as t he maximum mortgage in
�Nature and Pu rpose continued :
1958 was purc has e $11,200 t $11,330 t
$ 1 1 ,000 and to day it is $12 ,50 0 , the average price c a n be s a i d to have been from a bout o $1 2 ,700 for c ertified buye rs and f rom about o $12,850 for oth er buye rs.
It shoul d be noted that mortgage s on the multi - family renta l housing or home s rented under this prog ram are a ll at the established FHA interest rat e ( 5 3/4%) and that on this housing the r e are n o income limitations on occupants a s there are on the below-market interest rate housing unde r 22l(d )(3). .· Eligib ility : P riority i s g ive n to families who are qualifie d on credit, family - re l ated by blood, and c e rtifi ed by t he U. R. A. as be ing d isplaced by g overnmental action . These persons c an p ay a minimwn $ 200 d own payment. Other persons who a re not fa:-:iilies but are ove r 62 years o f a g e or phys i c a l ly hand ic apped can , if otherwise qua li f ied ., qualify fo r the minimum $200 drn·m Rayment , or $400 fo r a two - family dwe llin g ., $6 00 for th r ee ., $800 f or f our. All other persons, i f they ar e families o r over 6 2 or handicapped are eli g ible for 221 home mortgage i ns urance but only f or sing le family units, but they must pay down 3% of t he t o tal aquis i tion cost o f the home -which would be about $37 5 ,00 t o day as t he maximum mortgage insurable in Atla nta under 221 is $12, 500. Non- c e r tified · fami li es a r e a llowed t o purc hase 221 housing bec ause, a lthoug h the p rog ram is int ended for displaced pe rsons , the FHA desires t o s ee all units, constructed with FHA encourage ment under 221, purchased. Present Utilization : From 1935 throug h 1965, 3 , 8 31 home mort gage s have been issue d u nder this prog r a m at a v alu e o f $ 37.,991 .,450 . In 1965, 252 home mo r tgages were insure d f or const ru ction u n der 221 at a value of $2 ., 565 ,900 (thes e fi gures included i n 1935 65 to tal abov ~ ) . In 1965., 6~ home mort ~a g es were _p rof o ~e d fo r construction., but as of J anuary 1 960 ., not cons Gruc vea, for-a total of $769,000 ( not i ncluded i n 1936-65 total above ). These tota ls include 221 new sales housing ., homes bo~ght a n d rehabi litated under 221., and homes bough and rehabilita ted ~ya n on- occupant under 221. These fi gur e s are fo r th e standa rd Metrop o litan Atlanta a r e a . There has not b een any ma rke t-rate 221 mort gage insuranc e f o r ·multi- family h ousing ( up to 4 - family units) in Atlan t a as o f J anuary, 1 966 .
FHi\ 221 ( d) ( 3) Mortgag e Insurance At Below Ma rket Ra te Int eres t For Ren~a l and Coop erativ e Housing For _Families of Low and Moderate Income
Nature and Purpose : There are a number of famil i es whose incomes ·a re too h i gh for p ublic housing , but not high enough to comp ete fo r adequate hous i ng in the private marke t. Some of these familie s have been forced into the mar ke t because of urban renewal or . other gove r nmental action . To help the se families obta in housing at p ric es they c an afford, ~h e Fede r a l Housing Administration insures mortgages on special terms unde r the provisions of Section 22l(d)(3) of the Nat ional Housing Act . · To keep t h e rents within t h e means of the p eople f or whom the hous ing i s intended , the Act autho riz es a mort gag e interest rate below the current market rate on FHA- insured mortgages . Priorities f or occupancy are g ive n to families dis placed by g overnmental action. Othe r families whose incomes are within th e limits e stablishe d b y FEA a l so can qualify for occupancy, as c a n single -elderly or handic apped persons . Proposed new construction, and existing properties r equiring rehabilitation, with five or more units may be eligible for mort g age insurance . A mortgag e i nsu r ed under Section 22l ( d)(3) may c a rry a marke t inte r est rate (at the p r e sent time not more than pe rc e nt), or a below-market rat e .
Under th ese p rovisions, the intere st rate durin g construc~ion may be as h i gh as the establis hed FHA maximum interest r a te a t the time of construction . Upon fina l e n do r sement of t h e loan, th e interest r a te will b e lowered t o 3 p erc e n t ·. FEA wa ives th e mortgage insurance premiu m o f ½ perc ent f or p rojects with this low interest rate . For.public a g e nc ies , cooperatives (includ ing investor :... sp onsored ), and non-profit _sponsors, mort gag es on new con structi on ma y not exc ee d t he r e pla c ement cos t o f th e proj e c t ; on r e habili t a tion pro j e cts, t h e e st i mate d co st o f rehabi lit at ion plus t h e v a lue of th e proj ec t before r ehab i l itati on; or -i f refina n c i ~g is ~nvolved , the estimated cost of rehabilitation p lus t · e amount re qui r e d to r e finance t h e out - s t anding indebt e dn e ss . Fo r l i mite d - d istri bution mortgag ors, mo rt gages ma y not exce ed 90 pe rc e nt of these amounts . T:Crn mortgage on any p roj e c t i s f urth e r limi t e d by s u ch fa ctors as family income limits estab li shed by the FHA, and deb t s ervice considerations .
�Nature and Purpose
The max i mum mortgag e term is 40 years or three quarte rs of the ?HA estimate of the remaining economic life of the prope r ty, whi chever is less. The maximun mort g a g e araount is $12,500,000 . The mortgag e on any proj ec t is l184.108.40.206t ed by construction costs and median income fig ures es tajlish ed by FHA f or the area . Information regarding these limita tions for a pa rticula r area may be obtained from the local FHA insuring office. Public and private limited distribution projects : If advances are to be insured during const r uction two percent of the orig inal principal amount of the mortgage will be required as working capital . This fund must be deposited with the mortgag ee by the mort gagor and must come from sourc es other than mortgag e proceeds. ?riva te nonprofit projec ts ~ An allowance of two percent to make th e pro ject operational, in lieu of working capital , may be included in the mortgage . Wit h re s pec t to rent, carrying c ha r ges , and o ccupancy requi rement s, FHA control s will be maintained unti l the i nsured mortg age is p a id in ful l . To prevent ea rly refinancing and releas e o f FHA controls, full or partial p re - payment of the insured mortgage without app roval of the FHA Commissioner is prohibite d , except that limited d istribution mortgagors may pay in full aft e r 20 years f rom the date of final endors ement without such approval . All housing financed unde r the p rogram must operate in a ccordance with re gulat ion s as to rentals, c harges, methods of operation and occupancy requirements set forth by t he ?iiA. Occupanc y is limited to families and to elde rly or handi capped indivi duals of low and moderate income, with preferenc e being giv e n to di splacees . . Project s may be sold only with the prior approval of FHA and subject to prescribe d conditions. Elig ibility : Proje cts may be deve loped b y public agencies (except loc a l h ousin g authoriti es that obtain their funds exclusiv e l y f or p ublic housing f r om the Fe deral Government) or by c o-- opera ti ves (inc luding inve stor - sponsored), priv ate nonp rofit c o rpo ~ations or as sociations, or limited di st ribution corp ora tions , or other mortg a g ors approve d by t h e FHA Commissione r . A n onprofi t mort g agor is a corporat ion or associ a tion organi z e d for p urposes other than the making of prof it f or its e lf or p e r s ons identified with it a nd found by Fn A to b e i n n o ma nne r c ontroll e d by or under the dire ction o f p e rsons or firms seeking to deriv e profit from it .
Elig i b ility
builde r- se ller mortgagor is a special type of l im~te d d is tribut ion mortgago r organized to build or rehabilitate a proje ct and sell it, i~nediately upon complet ion, to a p r i v ate nonprofit o rganization at the c ertified c ost of the project . r
A public mortga g or is a Federal i nstrumentality, a Sta te or its p olitical subdivision, or a n instrumentality o f a SGat e o r of its political subdivision, wh ich c ertifies t h a t it is not receiving financial assistance exclusively for pub lic h ousing from the Federal Government and whic h is acceptable t o the FHA .
A limit ed d istribution mo rtgag or i s a corpo r ati on r estricted as to distr ibution of inc ome by the laws of the Stat e of its incorporation ( or by FHA) - or a trust, pa rt ne rs ~ ip , a ss oc iation , individual, or oth er entity restricted by law or by t h e FHA a s to distribution s of income - forme d exc lusively for the purpose of providing housing and r e g ulat ed as to rents, c harg es, rat e o f return, and operating methods i n a manner satisfac tory to the FHA . A cooperative mortgagor is a nonprof it coopera-cive 0 .-m e rs h ip hous ing corporation approved by FHA . Pe r manent oc c u panc y i s restricted to t he membe rs , and e lig i bility and transfe rs of membership are subject t o FHA controls . 1
An investor - sponsor mo r tgag or i s a s pecial type of l imi t ed· distribution mortgagor organized to build or rehabilit ate a project and transfer it to a cooperative . If the project is not sold to a coopera tive with in two years after co~ ple tion , the investor sp onsor wi ll op erate it as a limite d dist ribution corpo r at ion, for the purposes a ut h orized . To live in these l ow rent p r ojects, famili e s mu st be making less than $ 5,250 per year . It should be noted that these - income limitations do not apply to re gular 221 housing . This is a maximum income limitation which va rie s by family s iz e . There is no absolute minimum but a minimum n e t i n come a ft e r t a xe s and obli~a t i ons, whi ch v aries by the type of a pa r tment involv ed and the types of oblig ations out s t a nding , is required . · P ri o rities are given to families c e rtified by U . R . A : a s d i sp laced by g overnment action . For individua l s t o be e l i g i bl e , they a lso mu s t h a ve suff i c i e nt f ina nc i al c apa city a n d be b l ood - re l ated ( e xcep t f or p e rsons over 62 or -che handi c app e d ). Th e r e are no mini mum income l i mits, but each f amily must pass a credit check to show they can .afford the housing .
�Page 4. ·
Pr ese nt Uti li zation :
A t ot a l of 16 p ro je cts , p rov idi ng 2,071 u nit s hav e bee n bu ilt, a re under const ruct i on, or i n p l anning i n ~etrop ol itan Atla nta . Those proje c ts, statu s and rental rang es and income limita tions f oll ow: Occupied Wheat Stre et Ga rd ens 323 I rwin Street , N. E. Sp ons or : Church Homes, Inc. ( Pri va t e , n onp ro fit) 2Bo u n i t s - $2, 975,000 - Op ened 196 5 Rent a l Housing Income Limi t s: 2 person s - $5 , 650 6 , 650 3 & 4 5 & 6 7,650 All 2 bedroom apartment s, unfu r nis hed, ligh t , ga s a n d t eleph one a ddi t i ona l . $69 . 50 mont h Rents : Up s tai rs Downsta r is - 72 , 50 month
All en Temp l e Apartme nts
11 Allen Templ e Court , N.W. Sp ons or : All en Temp le Chu rch ( Priva te , n onp ro f it ) 150 units (10 bu i ldi ngs, 15 units ea ch ) , finan c ing not y et clo sed - Op ened Dec emb e r, 1965 . Rental Housing 2 person s I nc ome Limits: $5 , 250 6 , 650 3 & 4 5 & 6 7,150 7 .or more 8 , 500 2 and 3 b e dro om apa rtment s , unfu r n i she d . Light, gas a nd. t eleph one a dditiona l. Rents : 2 bedroom on t er rac e $62 . 00 month 2 bed r oom 1st and 2nd f l. 65 . 00 72 , 50 3 bed room on t erra ce 3 bed room· l st and 2nd f l. 75,00 East'wyck Village 2892 Eas t wyck Circle , De c a t u r Sp ons or: FCH Company, I n c. ( Founda t ion f or Coop e r a t i v e Hous i ng, Sta nf or d, Conn. ) (P r ivate , nonp rofi t) 6 se ctions, 441 units - $5, 37 3 , 400 - Opened 1965 Coope rative Housi ng 1 p e rson $4 , 650 (mu s t b e over 62 yea rs) I ncome Limi ts : 2 5 , 650 6 , 650 3 & 4 7,650 5 & 6 7 or more 8,650
Eas twyck Village
Furni s hed apartments .
Water , sewerageand garbage are
$3,70 additional . Payments :
1 ·b8d: oom $53 . 00 month 2 bedro~ 69 . 00 month 2 bedroom , l ½ bath s, basement 3 bedroom 77.00 3 be d room, l ½ baths, b asement 4 be drooms, l ½ baths, basement
$79 . 00 mon t h 84 .00 94 . oo
· under Con struction Allen Temple Apartment s # 2 11 Al len Temple Court, N. W. Spons or: Allen Te~p le Church (P riv~ t e, nonprofi t) 225 units, completion early 1967 · Rental Hous ing Same as Allen Temple · Apa rtments # l I nc ome Limits: Same as Allen Temple Apartments # 1 Rents: Cambri dge Sauare
3061 Oakdale Road, Doraville, Georgia Sponsor :
FCH Company, Inc.
( Private, · nonprofit)
134 units - complet ion March 1967 124 units - completion September, 1967 Cooperative Housing Income Limits: 1 person
7 or more Unfurnished apartments . addit iona l $3 .70 c harge Payments:
$L~, 350 (must be over 62 years)
5,250 6, 200
Wa ter, sewerage and garbage are an
1 bedroom $58 . oo 2 bedroom 69 .00 2 b ed room , l ½ bath , basement 79 .00 3 b e droom 3 bedroom, 1.1 bath basement 4 bedroom, l ½ bath: basement
79 . 00 86 . oo 97 . 00
I n P_anning o r di s cuss i on : Wheat St re e t Ga rdens
( addi tion)
323 I rwin St r eet, N. E . Sponsor :
Chur c h Home s, Inc .
( P rivat e , n onp rof it)
240 units in p l a nni n g , construc t ion to s t art spring 1967 ( will probably b e mostly 3 bedroom apa rtments ) Rental housing .
Pac;e 6 .
I n Planning or dis cus s i on · continue d
97 unit s in planning , commitment issue d (but, b e c au s e rent v alue s were t oo low, mi ght be reconsidered), no con s t ruction plans yet . Bal lard He i ghts
84 u nit s in planning, no formal application yet Halyc on 200 units in planning , no formal app lication yet ?a r k Wes t
96 units in planning, no formal application yet
.I -, , )