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Terra-Genesis Housing, Inc. was approached by the owners of the Oak Manor and Oak Village Apartments in 1993, to assist in salvaging these low income properties. The properties were in dire distress: drug dealing was rampant, police visits to the property were common, and gang graffiti was abundant both on the outside building and in the interiors. The properties were 39% leased during this period.
A $5.4 million dollar loan from HUD rehabilitated the two properties. With rehabilitation complete the properties are 99% leased. The apartment communities are safe and family oriented. The Oak Village Apartments have satisfied a demand for affordable housing to single-parent families. |
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