DRAG

Chelsea Gardens

Godby Road, College Park, GA

Property Info

Date Acquired:

Unit Count:

474

Area Median Income (AMI):

Budget:

$6M

Location:

Godby Road, College Park, GA

Local Partnerships:

Stabilizes occupancy at 92%, addresses code violations, and ensures long-term affordability.

Renovation addressing deferred maintenance and modernization of units

Utilizes tax-exempt bonds and a 10-year, 50% tax abatement as incentives, aligning with City of College Park regulations.

LOCAL PARTNERSHIPS AND INITIATIVES