Bayou Grande Apartments will have 136 one- two – and three-bedroom apartment units and will be located at the corner of Douglas and Caddo streets. The development will be within walking distance of downtown Shreveport. The mixed-income development will include affordable, workforce and conventional market-rate rental housing.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | 675 | Call for Price |
2 Bedroom (2/2) | 1057 | Call for Price |
3 Bedroom (3/2) | 1092 | 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.