Franklin Associates recently assisted Partners for Progress, an affiliate organization of the East Baton Rouge Parish Housing Authority, in organizing and facilitating grand opening celebrations for three newly constructed or renovated multifamily housing communities for low income residents.
Two grand opening events celebrating three new stylish yet affordable housing developments in North Baton Rouge were held. The developments, recently opened and fully leased, include Bayou Ridge Apartments on Avenue L, Autumn Place Townhomes between McClelland and Hollywood, and Willow Creek Townhomes, behind the former Earl K. Long Hospital. Construction began on these three developments January 2012, and was completed in December 2012. All three properties were built on revitalized districts of Baton Rouge in highly developed urban areas, providing convenient access to services for residents in an attractively designed setting. Bayou Ridge Apartments were developed by Centerpointe Regional Housing Development, LLC, and contracted by Cordova Construction Company. Autumn Place and Willow Creek Townhomes were developed by NDA-CRHD I Baton Rouge, LLC, and contracted by National Development Builders.
“These sites have each been developed with a keen eye toward creating sites of beauty and function,” said Richard Murray, Executive Director of the East Baton Rouge Housing Authority. “The sites meet both goals, and continue to have tremendous interest levels from potential tenants.”
Each of the three sites utilized a combination of locally manufactured construction materials and recycled materials, and was developed by National Development of America under the direction of Partners for Progress, Inc., which is the affordable housing development arm of the local Housing Authority.
The East Baton Rouge Parish Housing Authority was awarded a $750,000.00 low income housing tax credit allocation for the Autumn Place and Willow Creek Townhomes project, and $1,014,925.00 for the Bayou Ridge Apartments project, distributed through the Louisiana Housing Finance Agency (LHFA). Funding was made available for the projects by The U. S. Department of Housing and Urban Development (HUD), the Louisiana Housing Finance Agency, Capital One Bank, Hudson Housing Capital, the East Baton Rouge Parish Redevelopment Authority, and the Affordable Housing Program.