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| 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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