Jewish Tower and Zaban Towers, Atlanta, GA

What:  260 efficiency, 1-bedroom and 2-bedroom units senior mid-rise

Client:  Jewish HomeLife Care

Original Financing: HUD 202 Direct Loan and HUD 202/PRAC

GDG Services: Preservation Study, Section 8 Mark-up-to-Market, RAD for PRAC, combine the two properties into one transaction with a new FHA 221(d)4 loan

Impact Statement:

Jewish HomeLife Care is very active in Atlanta, and among its many properties, it owns and manages two low income senior properties, Jewish Towers and Zaban Towers, which sit on the same campus.  The Preservation Feasibility Study indicated that with available rent increases, they could leverage significant new capital for much needed capital improvements.

Jewish Tower and Zaban Tower Websites

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