PROJECTS

 

Cyress Place

 

1500 Westwood Dr.

Marrero, LA 70072

 

Number of Units

132

Type

Rehabilitation

Date Started

November 2011

Date Completed

December 2012

Development Cost

$14,000,000

Target Market

Family

 

Role

Developer / General Partner

Architect

IPG, Inc.

General Contractor

Great Southern, LLC

Funding

LIHTC/ HUD

Financial Partners

Stratford Capital Group, LLC

Central National Bank & Trust Co. of Enid

Red Mortgage Capital, LLC

U.S. Dept of Housing and Urban Development

Cypress Place Apartments is a 132 unit project base property with the target market being family. The property was renovated using Low Income Housing Tax Credits which was completed in 2012. The Amenities include a community room, a covered porch area with picnic tables, and a playground. Furthermore, the property has a wooden walkway over a green space area that goes from the leasing office to the other side of the property.