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2008AR-054 Galleria Manor at Smyrna

 

Office of Affordable Housing (OAH)

2008AR-054 Galleria Manor at Smyrna
2730 Cumberland Boulevard
Smyrna, Georgia 30080
Cobb County

 

Number of Units:      88

Project Activity:            New Construction

Tenancy:                      HFOP

 

The Galleria Manor Apartments is an 88 unit Senior (HFOP) project, which will be located in the City of Smyrna, Cobb County, Georgia. The proposed development will be a 3 - 4 story residential style apartments building.  The building will provide elevator access for all tenants, allowing the residents greater mobility and the opportunity to age in a safe and active environment.  The project will consist of 16 one bedroom apartments and 72 two bedroom apartments and will be situated on 3.3 acres.  Tenant supportive services in the form of Education Services, Social Work, Physical and Mental Health Counseling and Transportation will be provided by The Center for Family Resources.  Tenant financial support from both the Cobb County and City of Smyrna Housing Authorities is being provided in the form of a $37,800 combined annual operating subsidy for the first 10 years of operation.  This subsidy represents 9.27% of the total annual expense of the project in the first year. 

In addition, this project will offer LEED energy and building upgrades, including upgraded Energy Star appliances, enhanced electrical and HVAC components and sustainable building design improvements.  The tenants will also be able to enjoy property amenities that include a walking path with exercise stations, exercise center and a fully-equipped computer center.  The developer is the Paces Foundation, Inc., a Not for Profit corporation that has developed LIHTC properties in Georgia for several years.  The selection of this project for an allocation of Section 1602 funds will increase the alternatives for affordable housing in the North Atlanta market of Cobb, Fulton and Douglas Counties.  The project is projected to create 150 construction jobs and 4 permanent jobs.