GCHP

/assets/projects/f3791d520b0871f3fcdef44a753f28b7/3f7522809af310acc44b669807480001.png

Scott School Apartment Homes

  • /assets/projects/f3791d520b0871f3fcdef44a753f28b7/3f7522809af310acc44b669807480001.png
  • /assets/projects/f3791d520b0871f3fcdef44a753f28b7/75ac33ddd135a8a3d275b8aa79120e7c.png
  • /assets/projects/f3791d520b0871f3fcdef44a753f28b7/fb598bbbc9da9d284ef0069ddc31e9cc.png

Site location

Partner: Capital Area Alliance for the Homeless
GCHP Role: Owner/Developer
Units: 60
Budget: $8.5 Million
Location: 900 North 19th St. Baton Rouge, LA 70802
Status: Completed

In collaboration with the Capital Area Alliance for the Homeless, GCHP purchased the historic Scott Street Elementary School building at auction in 2007. The development, which included the historic rehabilitation and adaptive reuse of the existing school as well as new construction of an adjacent structure, includes 60 affordable rental units –20 one-bedroom apartments and 40 efficiency units.

The decline of the Low Income Tax Credit Market commencing in 2008 resulted in the withdrawal of two separate investors from their equity commitments to the Scott project. In the face of that challenge, GCHP restructured financing and proceeded to raise an additional $3.175 Million in project funding to complete the development in 2011.

Get In Touch With GCHP Join us on Facebook

Gulf Coast Housing Partnership
1610A Oretha Castle Haley Blvd.
New Orleans, Louisiana 70113
Phone: (504) 525-2505
Fax: (504) 525-2599

info@gchp.net