(The Center Square) – The Louisiana State Bond Commission on Thursday approved nearly $38 million in revenue bonds to support two affordable housing projects in New Orleans.
The decision came with pointed questions about the high construction costs, with commission members calling the costs per unit “outrageous.”
Ultimately, the commission signed off on the Louisiana Housing Corp.’s request to issue up to $22 million in bonds for the 4100 Bywater project, a planned four-story development with 82 affordable units in the Bywater neighborhood…