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FAQ: CAHEC's Expansion into Louisiana with Capstone at Cedar Street Affordable Housing Community
TL;DR
CAHEC's expansion into Louisiana with Capstone at Cedar Street provides strategic market entry into a region with robust economic potential and growing affordable housing demand.
CAHEC is developing a 40-unit LIHTC community in Beauregard Parish through The Banyan Foundation, featuring mixed unit types and community amenities for families earning up to 60% AMI.
This development addresses critical affordable housing shortages in Louisiana, providing stable homes and community amenities that improve quality of life for low-income families.
Capstone at Cedar Street will transform DeRidder with 40 new affordable homes featuring walking trails, playgrounds, and community pavilions in a region lacking recent housing development.
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CAHEC is announcing its expansion into Louisiana through the development of a new Low-Income Housing Tax Credit (LIHTC) community called Capstone at Cedar Street in DeRidder, Beauregard Parish.
The Capstone at Cedar Street development is located at Cedar Street in DeRidder, which is in Beauregard Parish, Louisiana.
The community will have 40 units available for families earning up to 60% of the Area Median Income (AMI).
The Banyan Foundation is the developer of the project, while CAHEC serves as the syndicator for the Low-Income Housing Tax Credit development.
The development will feature a mix of one-, two- and three-bedroom units with amenities including open green space, a walking trail, community pavilion, and playground.
Construction is anticipated to start in the coming months, though no specific start date is provided in the announcement.
This development will deliver meaningful housing options in a region that has lacked a new affordable housing supply, addressing growing housing needs in the area.
CAHEC is a community investment organization based in Raleigh, NC and Columbia, SC that offers housing and life-changing opportunities to residents throughout the Southeast and Mid-Atlantic through various tax credit investments and housing programs.
You can learn more by visiting CAHEC's website.
Curated from 24-7 Press Release
