Great news for Volunteers of America this week. The Louisiana Housing Corporation awarded the nonprofit $5.7 million in Community Development Block Grant funds. The VOA will develop a 122 apartment homes for families of veterans in Spanish Town. This development will add to the continued growth of multifamily projects in the downtown area.
Volunteers for America Southeast Louisiana will work with its subsidiary Renaissance Neighborhood Development Corporation to develop the lot as part of LHC’s 2016 flood recovery efforts.
The 2.6-acre city block across from the park will be developed into the three-story Valencia Park apartments, featuring 62 one-bedroom apartments, 54 two-bedroom apartments and six three-bedroom apartments. Half of the of the units will be targeted to veterans and their families with the rest open to any type of residents.