A. The building is a 22-unit apartment development called 438 Main Street, scheduled for completion at the end of September.
The building, which is being done by Norman Chenevert and Helena and Kevin Cunningham, will be a mix of affordable and market-rate units and already has over 60 inquiries, Helena Cunningham said.
It is built on the site of the former Brown building, which was torn down by Commercial Properties Realty Trust, the previous owner.
The one- and two-bedroom units will range from $300 on the low end and $1,100 on the market-rate end. Seventeen units will be affordable at the housing rate, with three going as low as $300, and five will be market rate.
The $4.7 million project was funded by $3.5 million in federal dollars through a state program formed after hurricanes Ike and Gustav in 2008 and the remaining $1.2 million was financed conventionally through Liberty Bank.
Send questions to Ask The Advocate, P.O. Box 588, Baton Rouge, LA 70821-0588; or fax to Ask The Advocate, (225) 388-0297; or email email@example.com.
Copyright © 2014, Capital City Press LLC • 7290 Bluebonnet Blvd., Baton Rouge, LA 70810 • All Rights Reserved