High Quality Homes within Reach in New Orleans
The Lower Garden District is centrally located near a major commercial corridor, employment opportunities, public transit, health care providers and schools. Without affordable housing like that provided by Centennial Place Apartments (Centennial Place), this neighborhood is out of reach for most low-income residents. The mixed-income, mixed-use building provides 52 homes – 21 of which are affordable – and a fresh food preparation and job training facility called the Fresh Food Factor, hosted by Volunteers of America.
Enterprise Community Loan Fund, Inc. provided a $2.8 million acquisition loan to Renaissance Neighborhood Development Corporation (RNDC), and Enterprise Community Investment provided a $10 million equity investment through the New Markets Tax Credit program.
“Enterprise has been a great partner. We couldn’t have done it without them.” - Victor Smeltz, executive director of RNDC.
- Mixed-use, mixed-income property
- 21 affordable apartments with fresh food preparation and job training facility
- Rehabilitation of two historic buildings; LEED Gold and Enterprise Green Communities certified
- In partnership with Renaissance Neighborhood Development Corporation
- Enterprise Community Loan Fund provided a $2.8 million acquisition loan