Lincoln Avenue Communities Acquires Historic | MultifamilyBiz.com
NEW ORLEANS, LA - Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, announced that it has acquired Tivoli Place and will carry out an extensive rehabilitation of the property. This a milestone transaction for the company, as it is LAC's first rehabilitation using Historic Tax Credits and its first within the state of Louisiana. As a part of the renovation, LAC will invest more than $35 million to upgrade the century-old building, preserving its...
Source: multifamilybiz.com
