Saturday, July 30, 2016

WNC provided about $6.1 million in LIHTC equity to fund construction of 144-Unit Cypress Springs Affordable Senior Housing Community in Baton Rouge, La

Michael Gaber
BATON ROUGE, LA – WNC, a national investor in real estate and community development initiatives, announced the completion of Cypress Springs, a new 144-unit affordable senior housing community in Baton Rouge, La. 

WNC provided approximately $6.1 million in low-income housing tax credit (LIHTC) equity to fund the development.

Located at 8200 Cypress Road, Cypress Springs includes three buildings comprised of 76 one-bedroom units and 68 two-bedroom units. 

The property’s amenities include a fitness center, central laundry facility, activity room/clubhouse, computer center, tenant storage area, sauna and picnic area.

The community also offers onsite management and support services. Each unit is equipped with intercom entry, central air conditioning, kitchen appliances and a ceiling fan. The property has 159 parking spaces.

Cypress Springs was developed by Community Development Inc. The project developer was C. Fred Cornforth.

“Cypress Springs is an excellent property offering new, well-constructed housing to the Baton Rouge senior community,” said WNC Executive Vice President and Chief Operating Officer Michael Gaber.

“WNC is proud to be a partner in Cypress Springs and to help deliver additional affordable senior housing to the people of Baton Rouge and to a nation in dire need of quality affordable housing.”

For a complete copy of the company’s news release, please contact:

Julie Leber
Spotlight Marketing Communications
949.427.5172 ext. 703

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