The Banyan Foundation Inc., an Alabama-based nonprofit, is developing an affordable housing apartment complex on Elm Grove Garden Drive in the Scotlandville area. The organization filed $15 million permits for the complex Tuesday.
The Capstone at Scotlandville Apartments, which will replace the Elm Grove Apartments that were demolished in 2020, will be an affordable option for area residents, but will also offer supportive services for the apartments’ residents, including career development, financial literacy and family support.
The Banyan Foundation plans to partner with local consulting firm To the T LLC to offer those services, says Caleigh Miller, vice president of development at the foundation.
The Banyan Foundation bought the property in 2020 with plans to replace the Elm Grove Apartments, which were built in the ‘80s, Miller says.
The nonprofit is developing six residential buildings with 84 new units and will keep section 8 housing assistance payments for residents, Miller says.
Construction on the 6.7-acre development started about three months ago and is scheduled to be completed in January 2023, Miller says, with residents moving in later that year. The contractor for the project is Baton Rouge-based Milton J. Womack.