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Terraces at the Park Affordable Senior Housing Community Celebrates Grand Opening

December 5, 2018

Pennrose and the Griffin Housing Authority celebrated the grand opening of Terraces at the Park, a 68-unit affordable senior housing community in Griffin, Georgia. The grand opening completes the final phase of the Meriwether Homes public housing redevelopment, which includes Oaks at Park Pointe and Iris at Park Pointe.

Speakers at the event included Robert Dull, Chief Executive Officer, Griffin Housing Authority; Brett Smith, Field Representative for U.S. Congressman Ferguson; Doug Holberg, Mayor, City of Griffin; Karen Mathiak, Georgia State Representative; Eula Redding, Griffin Housing Authority Board Vice-Chair, City of Griffin; Mark Shelburne, Georgia Department of Community Affairs; Mark E. Straub, Regional Vice President, Pennrose; and Joel Brockmann, Federal Home Loan Bank of Atlanta.

Terraces at the Park will offer one- and two-bedroom apartments overlooking the beautiful City Park golf course. Amenities include a community room, computer lab, craft room, fitness and wellness center, laundry facilities on each floor, ENERGY STAR appliances, energy efficient features, lounges and outside porches. Residents will enjoy a close connection to the Griffin community through walking trails and access to the Park District community garden. The development was built to earn both EarthCraft Communities and EarthCraft Multifamily sustainability certifications. With the redevelopment efforts, residents also have access to social programs and services, new transportation enhancements, improved educational platforms, new economic and job opportunities, and dramatically improved quality of life in the community through Griffin’s Educational Prosperity Initiative (EPI) which is a collaboration between The Partners for a Prosperous Griffin (PPG) & Educational Prosperity Coalition (EPC), which consists of GHA, Local Government Entities, educators and many key service providers in the County.

“Pennrose is proud to have been a partner on each phase of a truly transformative redevelopment that brings much needed affordable housing to the community,” said Mark E. Straub, Regional Vice President at Pennrose. ”This project proves that affordability doesn’t have to sacrifice quality. Residents of Terraces at the Park will benefit immensely from superb amenities, green design, and access to the community’s beautiful public spaces.”

In addition to Terraces at the Park, phase one delivered 84 affordable family apartments with Oaks at Park Pointe and phase two delivered 85 units for seniors at Iris at Park Pointe. The redevelopment replaces 120 units of outdated family housing formerly available at Meriwether Homes.

Financing for the project came from Low Income Housing Tax Credits from the Georgia Department of Community Affairs (DCA), with additional funding from Federal Home Loan Bank through its Member United Bank and the Griffin Housing Authority. Bank of America served as the Low Income Housing Tax Credit Investor. Kitchen & Associates provided architectural services, Capstone Building Corp. served as general contractor and BLOC Global Services provided construction administration. Southface Energy Institute provided EarthCraft consultation.