$16.7 million affordable housing project planned in St. Gabriel

Mississippi-based New Horizons Development has broken ground on Windsor Place Apartments, a $16.7 million affordable housing project at 6590 La. 74 in St. Gabriel. The project will include 56 two-bedroom and 64 three-bedroom apartments, each furnished with a washer and dryer, Energy Star appliances, ceiling fans and exterior storage, in a gated community. A resident clubhouse and business center, as well as community greenspace and a playground, are all also planned. The project is being developed with the aid of a number of grants. Iberville Parish officials have dedicated $6,132,500 in Community Development Block Grants toward the project, which the parish had received for hurricanes Ike and Gustav recovery efforts. New Horizons, meanwhile, was also to secure additional housing tax credits and tax exempt bonds through the Louisiana Housing Corp. Provias Construction is general contractor for the project, and Ronnie Comeaux, broker for Real Estate America, assisted with the location selection and negotiations for the development. —Staff report

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