Pine Trace I

Leasing Office

1015 Union Avenue, Bogalusa, LA 70427

Fomerly Pine Trace Homes


Number of Units: 92
Total Development Cost: $13,170,563
Development Type: 4% LIHTC / Bonds / HOME Funds
Development Partner: Bogalusa Housing Authority
Project Type: Rehabilitation / New Construction
Construction Jobs: 202
Permanent Jobs: 5


1st Mortgage: $3,431,900
Home (LHC): $1,000,000
PHA Cash Loan: $1,300,000
Seller Note: $2,525,000
Accrued Interest: $301,446
Developer Equity: $520,050
Equity: $4,092,167

Total Sources: $13,170,563


The Bogalusa Housing Authority has transitioned from public housing to
affordable housing using HUD’s Rental Assistance Demonstration (RAD)
program for a portion of its properties. The housing authority partnered
with Magic City Housing and Development Corporation to sponsor HOME
development funds and assist with the transition in addition to a partnership
with BGC Advantage, LLC, the master developer.
The project includes three sites (one AMP) located within Bogalusa, LA.
The sites will consist of 100% Project Based Vouchers upon completion. In
addition to the building and system upgrades all new appliances and updated
flooring were installed.

Amenities & Upgrades:

  • Energy upgrade to HVAC
  • Water conservation methods
  • Bathroom renovations
  • Doors, windows, new lighting throughout
  • Kitchen rehabilitation
  • Energy efficient appliances
  • Updated flooring


Developer BGC Advantage
PHA Bogalusa Housing Authority
Architect DNA Workshop
General Contractor B.A.S. Construction
Management Company Standard Enterprises
Equity Redstone
Debt Bellwether Enterprise
Bond Placement Stifel


uNION pOINTE - 92 Units

1 Bedroom. |  Units: 16
Contract Rent: $400

2 Bedroom  |  Units: 36
Contract Rent: $523

3 Bedroom  |  Units: 30
Contract Rent: $641

4 Bedroom  |  Units: 10
Contract Rent: $788