RISING OAKS

NEW ORLEANS AREA HABITAT FOR HUMANITY

AFFORDABLE HOUSING AND FINANCING

Urban Focus® initially prepared a feasibility study for the mixed use development at Rising Oaks, a new community to be developed with New Orleans Area Habitat for Humanity in the Terrytown neighborhood of Jefferson Parish in Louisiana. We continue to provide technical assistance and financial development support for the project. The housing and mixed-use development is composed of four phases. Phase one, two and three have a total of 150 single-family homes for sale, including 50 smaller cottages for seniors, with walkable areas, parks, and other outdoor amenities. The first phase of 68 homes has been successfully financed through state and Federal New Market Tax Credits. Phase two and three will follow. The fourth phase is planned to be a mixed use development including residential and supportive commercial development. The infrastructure for the housing is complete and the homes are under construction.