HOUMA, La. (AP) — Site development has begun along Bayou Cane where an apartment complex designed for low- and middle-income families will be built.
The Bayou Cane Apartments will be on Synergy Center Boulevard between Main Street and Martin Luther King Jr. Boulevard. Work is expected to be completed in 2015.
The Terrebonne Parish Council approved the use of $5.7 million in Community Development Block Grant money for the development in July 2013. The project was awarded to Renaissance Neighborhood Development Corp., a subsidiary of Volunteers of America.
Officials told The Courier (http://bit.ly/1mGtsqF) that the remainder of the development's $13.5 million total cost will be covered by tax credits.
Construction is being handled by Donahue Favret Contractors Inc. Apartments are expected to be ready for occupancy by summer 2015.
Donna Betzer, marketing director for Volunteers of America of Greater New Orleans, said 60 percent of the apartments will be made available to people earning less than 80 percent of the area's median income.
Terrebonne housing and human services director Darrel Waire said rent will be capped for those units and will be below local market rates.
Waire said rates have not yet been set and will change annually.
The 4-acre complex will include five buildings. One-bedroom apartments will have 720 square feet of space. Two-bedroom units will have 945 square feet of space.
Information from: The Courier, http://www.houmatoday.com