Friday, February 23, 2024

LHC Board approves millions in bonds for Shreveport apartment development

by BIZ. Staff

The Louisiana Housing Corporation Board of Directors approved the issuance of $28.3 million in Multifamily Housing Revenue Bonds, including a development in Shreveport.

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.

The board approved $7.8 million for a 132-unit for Briarwood Apartments in Shreveport.

Other approved housing developments included $4.5 Million for 25 units and another $16 million for 140 units both in New Orleans.

 

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