HRI Properties Historic Property Development in the GO Zone March 2007 Hal Fairbanks 504-679-5068...
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HRI Properties Historic Property Development in the GO Zone March 2007 Hal Fairbanks 504-679-5068 [email protected]
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Transcript of HRI Properties Historic Property Development in the GO Zone March 2007 Hal Fairbanks 504-679-5068...
Flint Goodridge Elderly Apartments – New Orleans, LA
Sources:
First Mortgage $600,000
LIHTC Equity 9,979,000
Historic Tax Credit Equity 2,909,000
TDC 13,488,000
Built as the first private black hospital in the City of New Orleans, the building is rich with the history of medical care, and professional development in the black community. New Orleans’ first three black mayors were born at Flint Goodridge. 93 apartments now fill the rooms and wards. The project was badly damaged by Hurricane Katrina however; it is now being renovated and returned to service as affordable senior housing.
Redemptorist Elderly Apartments – New Orleans, LA
Sources:
First Mortgage $997,000
LIHTC Equity 11,340,000
Historic Tax Credit Equity 3,663,000
TDC 16,000,000
This project will rehabilitate three historic buildings that were once part of the Redemptorist seminary. The property had previously been converted into 107 apartments for the low-income elderly, but was damaged by Hurricane Katrina. Located in the Lower Garden District, the project abuts River Garden, HRI Properties’ HOPE VI redevelopment, and offers convenient access to transportation, shopping, and public services.
River Garden Historic Apartments – New Orleans, LA
Sources:
First Mortgage $680,000
LIHTC Equity 6,838,000
Historic Tax Credit Equity 2,210,000
TDC 9,728,000
This phase of HRI Properties’ HOPE VI, River Garden project will adaptively reuse historic buildings that were retained at the former public housing development, creating 37 new mixed-income apartments.
Bywater Art Lofts – New Orleans, LA
Sources:
CDBG Loan $957,000
LIHTC Equity 7,879,000
Historic Tax Credit Equity 2,241,000
Lot Sale 160,000
TDC 11,237,000
The Bywater Art Lofts project will rehabilitate a historic warehouse in the Bywater neighborhood into 37 affordable apartments, marketed to artists.
KING EDWARD HOTEL & STANDARD LIFE BUILDING, JACKSON, MISSISSIPPI
THREEFOOT BUILDING, MERIDIAN, MISSISSIPPI
VA HOSPITAL, GULFPORT, MISSISSIPPI
