Construction on apartments in the “four corners” where the former Less Pay Motel in Lafayette is located in may begin before the end of the year.
Chris Clement, vice president of development management with HRI Properties of New Orleans, told The Acadiana Advocate Tuesday the company is in the process of assembling funding, including applying for state low-income housing tax credits. The funding could be complete by mid-summer, setting the stage for construction to begin by December.
The Acadiana Advocate is reporting the first step, he said, will be demolition of the two-story Less Pay Motel, long an eyesore on the corner of University Avenue and Cameron Street, an area Mayor-President Joel Robideaux has identified for redevelopment and which has been named an Opportunity Zone, making economic investments eligible for federal assistance.
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