Enhanced Capital was honored to join developer HRI Communities at the ribbon-cutting for the opening of Bottle Art Lofts, an adaptive reuse development and affordable apartment community in Lafayette, LA. The project received financing from Enhanced Capital through Louisiana Historic Tax Credits to help revitalize a distressed area and eliminate blight and crime in the area, which has been a top priority for the City of Lafayette.
The ceremony celebrated the opening of phase one of the project, which redeveloped a historic Coca-Cola bottling facility and warehouse into 40 weather resilient, affordable residential units. The completion of phase two was also celebrated at the ceremony, involving the demolition of an old motel and the development of 64 mixed-income apartments.
Read Biz New Orleans’ HRI Communities Celebrates Opening of Bottle Arts Lofts in Lafayette in Lafayette article for more information.