Convent Trace

2627 North King Ave, Lutcher, Louisiana 70071

28 unit, newly renovated, Multifamily property located in Convent, LA. Property offers one, two, three & four bedroom apartments each equipped with central heating and cooling, dishwasher, washer/dryer, stove, refrigerator, ceiling fans, energy efficient low flush toilets and showers. On-site amenities include community center, playground, walking trail, security surveillance system, and local transit system.
 

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Call for Price
Two Bedroom (2/1) - Call for Price
Three Bedroom (3/2) - Call for Price
Four Bedroom (4/2) - Call for Price

Convent Trace Details

  • 28 1, 2, 3 and 4 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Rental Assistance Demonstration (RAD)

Property Amenities

  • Playground
  • Community Room
  • Energy Efficient Design
  • Walking Trails
  • Surveillance Cameras

Unit Amenities

  • Ceiling Fan(s)
  • Dishwasher
  • Refrigerator
  • Central Heat & Air
  • Stove

Low-Income Housing Tax Credit (LIHTC)

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.

Rental Assistance Demonstration (RAD)

Since this property is subsidized in part through the Rental Assistance Demonstration (RAD), some apartments may have Section 8 Project-Based Rental Assistance (PBRA) or Section 8 Project-Based Vouchers (PBV). With either type of subsidy, tenant rent payments are 30% of their adjusted monthly income. Households earning less than 80% of the area median income may qualify for PBRA or PBV reduced rents. Some of these subsidized apartments may be reserved for extremely low-income households earning less than 30% of the area median income. If the apartment has a PBV, the tenant may qualify for a Section 8 Housing Choice Voucher (HCV) after living there at least one year. Some rental units in this property may not have PBRA or PBV subsidies and therefore may have higher rents.

Convent Trace is managed by NDC Real Estate Management.

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