Construction Underway in Baton Rouge

January 19, 2015, Baton Rouge, LA – National Development announces the construction of two new projects in Baton Rouge, Louisiana.  Roosevelt Terrace, located at 1255 West Roosevelt Street, is a rehabilitation project consisting of 40 apartment units.  The project, owned by the East Baton Rouge Parish Housing Authority, is being developed by NDA-HSA ROS, LLC.  Remediation and rehabilitation of Roosevelt Terrace is being provided by Brooks-NDB  Joint Venture, LLC, a partnership between Brooks & Freund, LLC and National Development Builders, Inc.

Burberry Estates, located at 1700 Burberry Court is a new construction project consisting of 35 single family homes.  This project is being constructed for a private owner with National Development providing construction oversight services.  Construction services are being provided by Brooks-NDB Joint Venture, LLC.

Each project was awarded tax credits through the Louisiana Housing Corporation with additional funding being provided by the U.S. Department of Housing and Urban Development, Hudson Housing Capital, LLC, Capital One  Bank and the Affordable Housing Program through the Federal Home Loan Bank.

NDC Real Estate Management, Inc. will provide management services for Roosevelt Terrace upon completion.

 

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