a market conditions and project evaluation summary of - Georgia ...
a market conditions and project evaluation summary of - Georgia ...
a market conditions and project evaluation summary of - Georgia ...
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Allen Wilson Phase III, Decatur, GA; Market Study<br />
Decatur, GA Housing Authority, Finance <strong>and</strong> Housing Assistance Director<br />
We spoke with Paula J Swenson, Finance <strong>and</strong> Housing Assistance Director for the Decatur<br />
Housing Authority.<br />
According to Ms. Swenson, the waiting list is currently closed with a current waiting list <strong>of</strong><br />
2,500 households. Ms. Swenson stated that special programs like VASH <strong>and</strong> NED bypass their<br />
applicant waiting list as they are supplied to them by the V.A. (VASH), <strong>and</strong> the <strong>Georgia</strong> State<br />
Medicaid Office (NED). The applicants currently on their HCV W/L are primarily from <strong>Georgia</strong>,<br />
but when they opened their W/L in November 2010 people from all over the U.S. were allowed<br />
to apply.<br />
Paula stated that they issue 20-50 tenant based vouchers <strong>and</strong> that VASH <strong>and</strong> NED issue<br />
approximately 100 <strong>and</strong> 25 each in the Decatur area. The number <strong>of</strong> <strong>project</strong> based vouchers by<br />
bedroom type are as follows below:<br />
Project Based Vouchers by Bedroom<br />
1BR 49<br />
2BR 43<br />
3BR 19<br />
Paula commented that the general dem<strong>and</strong> for the housing <strong>market</strong> was high for two bedrooms<br />
<strong>and</strong> that they had seen the most dem<strong>and</strong> concentrated for these two bedroom units with an<br />
income level concentrated around $25,000<br />
The current payment st<strong>and</strong>ard for Decatur can be found in the following table.<br />
Payment St<strong>and</strong>ards<br />
OBR $699<br />
1BR $757<br />
2BR $842<br />
3BR $1,025<br />
4BR $1,118<br />
5BR $1,286<br />
The Subject will <strong>of</strong>fer 100 percent public housing subsidy, therefore tenants will not need to use<br />
housing choice vouchers,<br />
Planning<br />
We spoke with Am<strong>and</strong>a Thompson, Planning Director for the DeKalb County Planning, Zoning<br />
<strong>and</strong> Inspections Department. She stated at this time, there are no new <strong>of</strong>fice buildings, retail or<br />
residential developments under construction in the commercial areas <strong>of</strong> Decatur. There are<br />
several sites that have had zoning approved for mixed use developments, but none <strong>of</strong> those plans<br />
have financing or have received construction permits.<br />
Additional interviews can be found in the comments section <strong>of</strong> the property pr<strong>of</strong>iles.<br />
Novogradac & Company, LLP 104
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