Properties

Clearview Estates

Lutcher, LA

Property Type:
Single Family
Total Development Cost:
$3,625,918.00
Financing Structure:
Conventional
LIHTC Units:
32
AMI:
40/60
Market Rate Units:
NA
Completion Date:
2006

Clearview Estates Subdivision is a 32-unit property located on King Avenue in Lutcher, Louisiana. The subdivision consists of 32 single family houses on individual lots. Each three-bedroom house is between 1,145 square feet and 1,200 square feet plus a garage, front porch and back patio.

Each house is equipped with a stove, refrigerator, vent hood, dishwasher, disposal, microwave oven and central heat and air conditioning. Additionally, a washer and dryer unit is provided in each house as well as ceiling fans. All of the appliances are electric. The exterior construction is brick and/or vinyl siding.

The property includes a playground area, picnic area and a community facility all for the exclusive use of the residents.

The Clearview Estates Subdivision was built to cater exclusively to large families. The rent structure of the property is governed by 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.