HOUMA, La. (AP) - The future of the old Houma Elementary School could be decided by the middle of next month.
The Courier reports (https://bit.ly/1IXvrnk) that’s when New Orleans-based developer Renaissance Neighborhood Development Corp. expects to hear back on its tax credit application to renovate the old school into affordable housing for seniors.
Renaissance is seeking low-income and elderly housing tax credits, historic tax credits and loans to cover construction, which will cost $17 million to $20 million.
If the low-income and elderly housing tax credits come through, construction is projected to begin in February with doors opening about one year later, Terrebonne Housing and Human Services Director Darrel Waire said.
Recently, the state nominated the building for the National Register of Historic Places. The National Park Service is accepting written comments about the historical significance of the property until Monday.
Federal approval is just a formality, Waire said, noting he expects to hear back in late summer or early fall. Those credits would regulate how the buildings are renovated.
“They’re going to have to remember the historical makeup of the building,” he said. “What that means is, when they renovate they have to keep the integrity of certain things. The look would have to stay the same, certain things on the inside.
Working with the Terrebonne Housing and Human Services Department, Renaissance plans to renovate existing buildings and add an additional apartment building to provide affordable housing for parish residents age 62 and up who qualify financially.
Information from: The Courier, https://www.houmatoday.com
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