Building and Developing Communities
Submitted by:
SUN CHDO
The Problem
We help finance new construction, acquisition and rehabilitation of affordable homes and rental housing. We will solve the problem of inadequate, blighted and non-existent affordable housing in Lafayette.
The Project
Rebuilding houses on the Northside of Lafayette. To alleviate blight. To provide the citizens of Lafayette with safe, sanitary, secure and affordable housing. SUN CHDO is certified by Lafayette Consolidated Government and the State of Louisiana as a CHDO. SUN CHDO will acquire 25 properties with clear title at $5,000 per property = $125,000.
25 single family dwellings, on slabs, will be constructed at a cost of $100,000 per unit = $2,500,000. Square footage = 957 living area. 82 non- living area, total of 1039 square feet.
The Price Tag
$2,625,000