HOPE Housing Foundation partners with the United States Department of Housing and Urban Development Housing in Westwego, LA.
7290 Virginia Parkway, Suite 2300
McKinney, Texas 75071214-842-8075
Contact: Alvin Johnson
Westwego, Louisiana, Friday, June 13, 2014—Hope Housing Foundation (HOPE) a McKinney, Texas based 501(c)(3) affordable housing provider has acquired a 468 unit Multi-Family community in Westwego, Louisiana known as Cypress Cove Apartments / fka Beechgrove Apartments (The COMMUNITY). The COMMUNITY was developed in the early 1970’s in Partnership with the United States Department of Housing and Urban Development (HUD).
The COMMUNITY was acquired by HOPE receiving a generous donation of the asset from the previous Owner. HOPE decided that this was a perfect opportunity to acquire an asset that would allow them to further perpetuate its Mission of positively affecting the lives of the community they serve, and become one of the most effective multi-family affordable housing providers in Westwego.
The COMMUNITY is in the process of rebranding and planning a major renovation project where in excess of $5,000,000 in upgrades will be deployed. The COMMUNITY will be professionally managed by Assertive Management Group, Hope Housing Foundation’s wholly owned Managing Agent.
For additional information on this transaction, or how HOPE can visit www.hopehousingfoundation.org, or contact Alvin Johnson.