LHC Invests $12 Million to Fund 20 Housing Developments in Flood Impacted Parishes

Today, the Louisiana Housing Corporation (LHC) awarded $12.3 million in housing credits for the construction and rehabilitation of 20 affordable housing developments. The credits will be used to maximize the production and preservation of safe, affordable, energy efficient residential housing units in 13 parishes impacted by the Historic Floods of 2016.

“We recognize our responsibility as an affordable housing provider includes community building,” said LHC Executive Director E. Keith Cunningham, Jr. “Whether it’s communities impacted by natural disasters or those that continue to suffer from the lack of affordable housing, we intend to help them identify their housing needs and provide solutions that spur development, growth, and revitalization.”

The developments represent a mix of urban and rural projects that will produce 1,093 workforce housing units. Sixty-percent of the developments awarded are located in rural areas, including Louisiana’s most rent stressed parish – East Carroll Parish.

All of the developments funded through this program will benefit moderate- and low-income residents including people experiencing homelessness, people with disabilities and working families with children. Of the 20 development funded, six are located within the parishes most impacted by the flood – Ouachita, Lafayette, Acadia, St. Tammany, and Tangipahoa.

The following properties were funded through the U.S. Department of Housing and Urban Development’s (HUD) highly-competitive Low-Income Housing Tax Credit (LIHTC) Program:

• Bayou Gardens, Rapides Parish
• Camelot Apartments, Webster Parish
• Heatherwood, Evangeline Parish
• Oak Manor Apartments, Ouachita Parish
• The Ridge at Lafayette, Lafayette Parish
• Grimble Park Senior Apartments, Rapides Parish
• The Embassy, Caddo Parish
• Cullen Square Apartments, Webster Parish
• Meadows Apartments, Acadia Parish
• Oakbrook Apartments, Lafayette Parish
• Prince Village Apartments, Caddo Parish
• Bloomfield Apartments, St. Landry Parish
• Harrisonburg Seniors Apartments, Catahoula Parish
• Maple Ridge Apartments, St. Tammany Parish
• Oakwood Apartments, Evangeline Parish
• Ponchatoula Meadows, Tangipahoa Parish
• Sherwood Apartments, Webster Parish
• Washington Manor Apartments, St. Landry Parish
• Lakeshore Family Homes, East Carroll Parish
• The Ridge at Lake Charles Phase II, Calcasieu Parish