Properties

Broadmoor Village

Independence, LA

Property Type:
Single Family
Total Development Cost:
$3,863,976.65
Financing Structure:
Conventional
LIHTC Units:
24
AMI:
40/60
Market Rate Units:
NA
Completion Date:
2009
Energy Star Partner

Broadmoor Village Subdivision is a 24-unit property located on Guzzardo Lane, in Independence, Louisiana. The subdivision consists of 19 three-bedroom and 5 four-bedroom single-family houses on individual lots. Each three-bedroom house is approximately 1,145 square feet and each four-bedroom house is approximately 1,300 square feet plus a two car garage, front porch and back patio.
Each house is equipped with a stove, vent hood, refrigerator, dishwasher, disposal, microwave oven, central heat and air conditioning. In addition, each house will be provided with a washer and dryer unit as well as ceiling fans. All of the appliances are ENERGY STAR rated. The exterior is constructed of brick and/or vinyl siding.
The property includes a community facility for the exclusive use of the residents.
The Broadmoor Village Subdivision was built to cater exclusively to large families. The rent structure of the property is governed by the IRS Section 42 rules and is restricted to residents earning at or below 60% of the area median income.
Preference is shown to qualified residents that are on the Public Housing Authority’s waiting list. It is anticipated that at the end of the compliance period the houses will be offered for homeownership.