Shreveport, LA —The Louisiana Housing Corporation (LHC) alongside partners, opened the doors to a brand new 122-unit affordable housing development in Shreveport, LA. Bayou Grande Phase III Apartments offers a variety of living options, providing vital resources and access to quality housing.
The $24.2 million HUD Choice Neighborhood Implementation Grant project located in the downtown area of Shreveport, Bayou Grande Apartments is part of a multiphase development geared toward revitalization and providing low-income individuals and families a safe space to call home.
Bayou Grande Phase III will offer residents various amenities and resources. Those amenities include a swimming pool, community room, and fitness center. Residents will also have access to tenant-supportive services.
In addition, LHC awarded $5.8 million through the Community Development Block Grant (CDBG) program, $15.5 million through the Multifamily Revenue Bond (MRB) and $917,995 through the Low Income Housing Tax Credits Program (LIHTC). "We are grateful to work alongside passionate partners who have the same goal in mind ensuring that every Louisiana has the opportunity to obtain a safe, affordable, and energy-efficient place to call home," said LHC Executive Director Marjorianna Willman. "Seeing the final results of the project is an award for us and breathes life into Downtown Shreveport. This project serves its community, and we are elated knowing the fruits of our labor will help others."
“Heritage at Bayou Grande Phase 3 is a continuation of the great partnership we’ve had with HUD, the City of Shreveport, and HACS," said ITEX Development CEO Chris Akbari. "Working with these outstanding teams has been an honor, and we are excited to continue building future phases together. This project reflects our commitment to providing high-quality, affordable housing options for the residents of Shreveport. We are immensely proud of what we have achieved and look forward to the positive impact these developments will have on the community.”
LHC is grateful for the support provided by the project developer Will Moyers of ITEX Development, LLC and project architect DNA Studios/Dyke Nelson Architecture. LHC collaborated with The Housing Authority of the City of Shreveport to bring this project to the downtown region.
For more information, contact ITEX or visit their website.
Breanne Bizette
Public Information Officer, Louisiana Housing Corporation
