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LHC Board Approves $28.3 Million in Housing Bonds

Published on March 14, 2018 by Louisiana Housing Corporation
LHC Board Approves $28.3 Million in Housing Bonds

Today, the Louisiana Housing Corporation Board of Directors approved the issuance of $28.3 million in Multifamily Housing Revenue Bonds.

Funds will be used to provide low-cost debt financing for the acquisition, construction, and rehabilitation of three properties located in Shreveport and New Orleans. The properties are projected to benefit 297 working families and individuals.

Approved Housing Developments

Briarwood Apartments
Shreveport, LA
$7.8 Million
132 Units

Lafitte 2017
New Orleans, LA
$4.5 Million
25 Units

Holy Cross Apartments
New Orleans, LA
$16 Million
140 Units

About Louisiana Housing Corporation The Louisiana Housing Corporation was created by Act 408 of the 2011 Louisiana Legislative Session. The Corporation administers federal and state funds through programs designed to advance the development of safe, energy-efficient and affordable housing for low-to-moderate income families.

Media Contact:
Na’Tisha Natt, Director of Public Affairs