What Acadiana Outreach Center projects will be involved in the portfolio of the project?
None (0) of the Outreach Center’s projects will be involved in the portfolio of the project. The Outreach Center is acting as the sponsor of the project, and as a non-profit organization provides the project with competitive leverage in regard to funding over other private development projects. As the sponsor, they will serve as a General Partner, owning only 0.01% of the development – NOTE: the ownership structure is explained in more detail later herein. As part of the proposed development footprint, two (2) of the existing Three-quarter Houses currently operated by Outreach Center will be acquired and that land will be used for the development. The tenants currently living in these homes will be transitioned to permanent housing (like they would normally) prior to the start of construction.
