Renovated Affordable Housing Community in Baton Rouge, LA Reopens to Residents

Michael Gaber

BATON ROUGE, LA – WNC, a national investor in real estate and community development initiatives, announced the full renovation of Renaissance Gateway, a 208-unit affordable housing community previously known as Ardenwood Park Apartments, in Baton Rouge, La., is complete.

WNC provided $10.3 million in low-income housing tax credit (LIHTC) equity to fund the project.

 With a total development cost of $28.1 million, the property was co-rehabilitated by Renaissance Gateway Associates LLC, an entity of Community Development Inc., and 4321 Associates LLC.

 “We are pleased to have played a key role in the transformation of Renaissance Gateway and in providing  quality affordable housing to the members of the Baton Rouge community that are most in need,” said WNC Executive Vice President and Chief Operating Officer Michael Gaber.

“With the growing demand for affordable housing greatly outpacing the supply throughout the country, WNC and its development partners are committed to the preservation of existing affordable housing through the renovation of apartments such as this.”

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

Julie Leber

Spotlight Marketing Communications

949.427.5172, ext. 703

julie@spotlightmarcom.com

www.wncinc.com

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