New Projects to Begin Soon

January 19, 2015, Baton Rouge and Lake Charles, LA – National Development along with its development partner, Housing Solutions Alliance, has been awarded tax credits for two new projects – River South located in Baton Rouge and High School Park located in Lake Charles.  Planning, financing and permitting for both projects is underway with loan closings set for late summer to early fall, 2015 with construction to start immediately thereafter.

River South is a scattered-site development consisting of 46 single family and duplex units being constructed on 31 fully-developed lots owned by the East Baton Rouge Parish Housing Authority.  High School Park is also a scattered-site development consisting of 50 duplex units and will replace a current public housing project owned by the Lake Charles Housing Authority.  Both will be mixed-income projects that will include market rate and project-based rental units.

The general contractor for River South and High School Park is Brooks-NDC Joint Venture.  Services will include new construction at River South and demolition and new construction at High School Park.  NDC Real Estate Management, Inc. will provide management services upon completion of each project.

 

 

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