{"id":1004056582,"date":"2012-12-21T14:17:12","date_gmt":"2012-12-21T22:17:12","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=90682"},"modified":"2025-02-19T03:43:49","modified_gmt":"2025-02-19T11:43:49","slug":"4-7m-affordable-housing-property-opens-in-downtown-baton-rouge","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/4-7m-affordable-housing-property-opens-in-downtown-baton-rouge\/","title":{"rendered":"$4.7M Affordable Housing Property Opens in Downtown Baton Rouge"},"content":{"rendered":"

By Eliza Theiss, Associate Editor<\/em><\/p>\n

Baton Rouge is offering affordable downtown housing for those looking to work, play and live\u00a0in downtown.<\/p>\n

The Downtown Development District (DDD) recently announced the opening of the 22-unit affordable housing project, 438 Main Street Apartments. The property, currently in the process of vetting applicants, features one- and two-bedroom units ranging between 538 square feet and 920 square feet. Six floor plans are available at the property. Apartments feature stained concrete floors, ceramic tiles, outdoor balconies, walk-in closet,\u00a0and a\u00a0full range of appliances\u00a0including microwave, dishwasher, in-unit washer\/dryer and refrigerator. Community amenities include a community room, elevator, covered parking, courtyard and on-call maintenance. 438 Main Street also has access to public transportation, though many destinations can easily be reached on foot.<\/p>\n

\u201cAs Downtown continues to grow it is imperative that we continue to look forward and provide housing to support our downtown work force,\u201d\u00a0said Davis Rorer, executive director for DDD.<\/p>\n

The project cost $4.7 million and was developed by Norman Chenevert and Helena and Kevin Cunningham. According to The Advocate<\/em><\/a> the developers paid $369,544 for the former Brown building\u2019s site. Of the total development cost, $3.5 million\u00a0was provided by federal funds, while $1.2 million was secured through Liberty Bank.\u00a0\u00a0Seventeen units\u00a0will be affordable, with three units renting at $300 per month, and the remaining five apartments will be market rate.<\/p>\n

New Orleans-based Latter & Blum, a licensed real estate brokerage firm, was chosen to handle property management services.<\/p>\n

Photo courtesy of 438mainstreetapartments.com\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

With people moving back into downtown areas nationwide, Baton Rouge also jumps on the downtown living bandwagon. But in true Louisiana fashion, the state capital ups the ante by offering affordable downtown housing for those looking to not only work and play downtown, but also live.<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004056582","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"\n$4.7M Affordable Housing Property Opens in Downtown Baton Rouge - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/4-7m-affordable-housing-property-opens-in-downtown-baton-rouge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$4.7M Affordable Housing Property Opens in Downtown Baton Rouge\" \/>\n<meta property=\"og:description\" content=\"With people moving back into downtown areas nationwide, Baton Rouge also jumps on the downtown living bandwagon. 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