Hooper Ridge Subdivision

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Caleb CDC has receive financial approval to develop Hooper Ridge Subdivision. This is a 44-lot subdivision to be located on Hooper Road directly across the street from Ministry of Love. This development is unique in that it is a combination of rental and home ownership. “The attempt is to create a mixed-income environment”, said CEO Byron D. Turner. 32 units will be rental while 12 units will be available for home ownership. Rental units will have three bedrooms, two baths, double car carport all sitting on a large lot.

House for sale will cost from $95,000 on up. In addition, the houses have been awarded up to $11,000 worth of financial assistance. Houses receiving assistance will not cost more than $99,000. Broker participation is welcomed.

In addition, to the houses Caleb is developing a two story office building which will serve as Caleb’s corporate office. This office will also provide a meeting facility and a computer lab for the community.

Current financial partners for this development are Fannie Mae, LISC, OCD, LHFA, Hibernia National Bank and Federal Home Loan Bank of Dallas. This development is done through a partnership between Caleb CDC and Kalioppe, LLC. Ellis Construction built the rental homes and office building, while Records & Associates built the infrastructure. If interested in renting or purchasing within the subdivision please contact Caleb’s office at 225-775-2232.