New Orleans celebrates the opening of H3C, the $80 million affordable housing development in Central City
On January 24, 2024, we celebrated the official opening and ribbon-cutting ceremony of the H3C Apartments in the Central City neighborhood of New Orleans. The name H3C signifies the mission to add health to the ongoing revitalization of Oretha Castle Haley Boulevard, which has longstanding principles of culture, commerce, and community.
This 210,000-square-foot development features 192 affordable rental homes constructed to meet the National Green Building Standards. The Belle Reve Building, named after the New Orleans non-profit Belle Reve, will house 92 units designated for senior citizens. Moreover, the property is home to the DePaul Community Health Center, which will provide adult and pediatric medical and behavioral healthcare services, an on-site pharmacy, and Medicaid enrollment assistance.
H3C is a GCHP Health + Housing pilot development. Health + Housing recognizes the significant role of affordable housing and access to healthcare on an individual’s health outcomes. It utilizes investments provided by healthcare payors, including Medicaid Managed Care Organization (MCOs), to fund projects like H3C.
Aetna, a CVS Health company, dedicated more than $26 million in concessionary investments for the development of H3C through R4 Capital. GCHP and Alembic Community Development developed HC with funding support provided by Advantage Capital AMCREF Community Capital, Bell Reve, Federal Home Loan Bank of Dallas, Finance New Orleans, Home Bank, Housing Authority of New Orleans, Louisiana Housing Corporation, Louisiana Office of Community Development, New Orleans Office of Community Development, R4 Capital Funding, Regional Community Finance, The Harry and Jeanette Weinberg Foundation and US Bank.
We are incredibly proud to be the contractor on this project that prioritizes the most vulnerable members of our community.
Click here to learn more about our journey in bringing H3C to life.
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