Lithonia Housing Authority partnered with Mercy Housing Southeast to turn the 46-unit Park Drive Apartments into Terraces at Parkview, a 90-unit multifamily property featuring one-, two- and threebedroom apartments and townhomes. To accommodate the additional units, the City of Lithonia leased a contiguous parcel of land to the development. The Lithonia Housing Authority valued the quality of services offered by Mercy Housing Southeast and knew the collaboration would be successful for the DeKalb County community.
Financing for the Terraces at Parkview included conventional debt and Low Income Housing Tax Credit Equity from SunTrust Bank and Sun Trust CDC. It also included a HOME Loan from the Georgia Department of Community Affairs. The property features a fitness center, children’s activity room, an outdoor gazebo, a playground, a computer lab and free internet. Residents also have access to on-site Resident Services provided by Mercy Housing Southeast.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Call for Price |
| 2 Bedroom (2/1) | - | Call for Price |
| 3 Bedroom (3/1) | - | Call for Price |
Waiting List is Open Until Further Notice
Some units at this property are available through Housing Authority of DeKalb County's Terraces at Parkview, Candler Forrest and Hills at Fairington Section 8 Project-Based Voucher Waiting List. Learn how to apply to this waiting list here.Eligibility for The Terraces at Parkview
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Lithonia but actual income limits may differ for units at The Terraces at Parkview.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
|---|---|---|---|---|---|---|
| 50% | $35,750 | $40,850 | $45,950 | $51,050 | $55,150 | $59,250 |
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Lithonia but actual income limits may differ for units at The Terraces at Parkview.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
|---|---|---|---|---|---|---|
| Very Low Income (50%) | $35,750 | $40,850 | $45,950 | $51,050 | $55,150 | $59,250 |
| Low Income (60%) | $42,900 | $49,020 | $55,140 | $61,260 | $66,180 | $71,100 |
The Terraces at Parkview Details
- 90 one, two and three bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
Property Amenities
- Fitness Center
- Playground
- Computer Lab
- Gazebo
- Resident Service Coordinator
Office Hours
| Day | Hours |
|---|---|
| Monday | 8:30am-5:30pm |
| Tuesday | 8:30am-5:30pm |
| Wednesday | 8:30am-5:30pm |
| Thursday | 8:30am-5:30pm |
| Friday | 8:30am-5:30pm |
Low-Income Housing Tax Credit (LIHTC)
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Images of The Terraces at Parkview
Nearby Low Income Apartment Communities like The Terraces at Parkview
Granite Crossing
Hills at Fairington
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