The third phase of the Faubourg Lafitte housing project redevelopment is moving forward, with developers working with Gibbs Construction as the lone bidder on the project, with a submitted bid of $17 million.
This phase of the project, which includes 100 units in a nearly 100,000 sf apartment building for low-income seniors, has a budget of $24 million. Financing comes from HANO and the Federal Emergency Management Agency.
The development is part of a $148 million redevelopment of the old Lafitte Projects, one of the large public housing developments that were demolished following Hurricane Katrina.The developers include L+M Development, Enterprise Community Partners, Inc. and Providence Community Housing.
According to an old 2011 presentation from the developers, the Lafitte redevelopment was to include 276 public housing and low-income rental units consisting of single-family homes, duplexes and six-unit buildings in addition to the senior citizen building. The development also includes 141 for-sale units.
[…] includes 100 units in a nearly 100,000 sf apartment building for low-income seniors as well as more traditional low income housing. The redevelopment restores the historical street grid that was erased when the original housing […]