Edgewood Place Apartments

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Edgewood Place Apartments is the first multifamily development done by Caleb. This development is located on 11021 Plank Road in Baton Rouge about 1/2 mile past the airport. This 72 units development was financed by Low Income Housing Tax Credits, Home Funds, an Affordable Housing Grant from the Federal Home Loan Bank of Dallas and term financing by Bank One CDC. Construction financing was provided by Hibernia National Bank

Development was done as a partnership between Caleb C.D.C and Calhoun Builders of Mansfield, LA. This is a 72 unit complex that has the following unit mix and the income designation: (See Income Limits for more detail guidelines)

Bedroom	Bath	Rents	50% Units	60% Units	Total Units
One	1	$310	24	0	24
Two	1	$375	19	5	24
Three	1	$450	0	12	12
Four	1.5	$500	0	12	12
					72

The development has washer/dryer connection, a private porch, a laundry facility on site, a centrally located playground and an on site manger.

This development will also have a learning center. This center is currently equipped with 10 computers all networked. These system will have Internet access by early 2000 through a cooperative relationship with Southern University. Besides having computers there are three programs that operate out of this center for the community. These programs are: Youth Empowerment Source, Diminishing Fear of Computers (D.F.O.C.), and Home Buyer's Education.