Properties

Armentine Cove

Breaux Bridge, LA

Property Type:
Single Family
Total Development Cost:
$3,649,851.00
Financing Structure:
Conventional
LIHTC Units:
40
AMI:
40/60
Market Rate Units:
NA
Completion Date:
2005

Armentine Cove Subdivision is a 40-unit property located on Rees Street in Breaux Bridge, Louisiana. The subdivision consists of 40 three-bedroom single family homes on individual lots. Each three-bedroom house is approximately between 1,145 square feet and 1,300 square feet plus a two car garage.

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

The property includes a community facility for the exclusive use of the residents.

The Armentine Cove 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.