ELM DRIVE SENIOR APARTMENTS

Baton Rouge, Louisiana

Elm Drive Senior Apartments, located in Baton Rouge, Louisiana, was an acquisition rehabilitation of a Project–Based Rental Assistance property consisting of 60 one-bedroom units in one three-story building. The property was renovated using Low Income Housing Tax Credits, HOME funds, Community Development Block Grant funds (CDBG), and Federal Home Loan Bank (FHLB), Affordable Housing Program (AHP) funds with HUD financing. The building was originally constructed in 1982 with enclosed corridors and a core lobby on each floor.

  • Project Type: Acquisition Rehabilitation
  • Target Market: Elderly
  • Number of Units: 60
  • Completion Dates: 2014
  • Development Cost: $6,568,048.00
  • Finance Type:
    • Low Income Housing Tax Credits
    • U.S. Department of Housing and Urban Development
    • HOME Funds           
  • Project Data: 
    • Number of Residential Buildings: 1
    • Building Type: 3-Story Building
    • Total Site Area: 2.049 acres
  • Unit Information:
    • 1 Bedroom/1 Bath: 60 units, Avg. Square Feet = 640 Sq. Ft.
 

4250 Elm Drive
Baton Rouge, LA 70805