Louisiana Housing Corporation’s Board of Directors approved $2.9 million of additional volume cap to develop 132 affordable rental units in two Louisiana parishes at their monthly board meeting, June 9. 

The approved developments represent a mix of new construction and preservation projects that aim to assist working families, households with children, seniors and people with disabilities. The following properties were approved for additional volume cap: 

  • Lee Hardware & United Jewelers Apartments – Caddo Parish – $13.9 Million ($9.4M MRB; $4.5M LIHTC), 109 units and 
  • Lafitte 2017 LLC – Orleans Parish – $11.8 Million ($7.3M MRB; $4.5M LIHTC), 23 units.