The Sacred Heart at St. Bernard project has been awarded Low Income Housing Tax Credits by the Louisiana Housing Corporation. This is an important step in achieving the financing to move the project forward. The Real Estate development team continues to work to acquire the remaining funding to bring all aspects of the project to fruition.
In addition, the development team has successfully purchased the Our Lady of Sacred Heart property from the Archdiocese of New Orleans.
Sacred Heart at St. Bernard is a joint effort between Columbia Residential, Providence Community Housing, Urban Focus Louisiana and the Vaucresson family. The site of the project is within the Iberville Choice Neighborhood and Lafitte Redevelopment project trapezoids – making this a development that has the potential for great impact in the area. The mixed-income housing model and community-based retail components bring opportunity to an area that is of significant importance to the city.
Please go to www.sacredheart-stbernard.com for more information and to sign up for news and updates.