Lakeshore Family Homes 

Lakeshore Family Homes
1311 Sparrow Street, Lake Providence, LA  71254

Number of Units: 45
Total Development Cost: $10,991,710
Development Type: 9%/LIHTC
Development Partner: East Carroll Parish Police Jury Section 8 Housing
Project Type: Family

Construction Period Jobs Created: 170
Long Term Jobs Created: 3

Sources:

Perm Debt: $1,440,000
Equity: $9,055,815
Developer Equity: $495,895

Total Sources: $10,991,710

Project Narrative
Lakeshore Family Homes, LP is a 45-unit infill new construction project located in East Carrol Parish at 1311 Sparrow Street, Lake Providence, Louisiana.  This project is a subsidized redevelopment effort between East Carroll Parish Section 8 Public Housing Agency and BGC Advantage, LLC. This project serves to enhance the efforts of East Carroll Parish and the Town of Lake Providence to preserve affordable housing opportunities with the production of much needed local housing units. These units will serve as replacement housing for blighted residential structures in the area. The Lakeshore Family Homes development will include community space whereby resident support services, including enhanced resident opportunities for self-sufficiency, will be provided. The educational programs will be geared to help renters become homeowners. Other site and unit amenities include washers/dryers and dishwashers in each unit, covered parking, playground, tennis court, computer center, exercise room, picnic area with permanent grills and a paved walking trail.

Unit Mix
3 – one bedroom
14 – two bedroom
20 – three bedroom
8  – four bedroom

Development Partners   
RBC Community Investments
East Carroll Parish Police Jury
East Carroll Development Corporation
Cedar Rapids Bank & Trust
Louisiana Housing Corporation

General Contractor              
River City Builders, Inc.

Architect                               
DNA Workshop

Property Management       
M&T Property Management