Roosevelt Terrace is a recently renovated community featuring 40 units consisting of 20 one-bedroom, 10 two-bedroom and 10 three-bedroom apartments.
The community is situated on a two-acre site within walking distance of city bus stops, shopping, grocery stores, banks, Louisiana State University, schools and churches. It is also conveniently located minutes away from the central business district, a park, a community center, Louisiana Technical College, George Washington Carver Library and McKinley Head Start Center.
Units have refrigerators, range/ovens, washer connections, fire extinguishers, smoke detectors, closets and storage pantries. An administration and maintenance building onsite offers laundry facilities.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | - | Call for Price |
Two Bedroom (2/1) | - | Call for Price |
Three Bedroom (3/2) | - | Call for Price |
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.