Calcasieu Authority Denies Funding For Development
LAKE CHARLES, La. (AP) — The Calcasieu Parish Public Trust Authority has denied a request to use up to $775,000 in trust money to aid a proposed $10 million rental housing project in Sulphur.
The American Press reports that developer Greg Gachassin envisions Heritage Park as an affordable-housing project on a 13-acre site. It would be designed by the Lafayette-based Cartesian Co. and include 50 three- and four-bedroom single-family rental units.
Gachassin told authority members developments like Heritage Park need funding from many sources.
After the authority denied funding, Gachassin said he would apply for state funding.