Louisiana LIHTC Portfolio | New Iberia & Hammond
Stabilized 90-unit Louisiana LIHTC portfolio—Moss Oaks (46 units, New Iberia) and Homes at Willow Villas (44 units, Hammond)—offered at $2,450,000 at a 7.03% cap ($172,144 NOI). Both communities operate single-family-style three- and four-bedroom homes in supply-constrained rural markets, currently at 100% occupancy with strong resident retention. The portfolio is positioned within the LIHTC Extended Use period under Section 42, providing long-term regulatory stability and a clear path for rent growth; current rents remain below maximum allowable levels, enabling NOI upside through mark-to-max increases without lease-up risk.
Moss Oaks and Homes at Willow Villas together comprise 56,000 SF across 16.9 acres, built in 2006 and structured as fee simple ownership. New Iberia and Hammond are anchored by diverse economic drivers—energy, agriculture, tourism, Southeastern Louisiana University, and North Oaks Medical Center—supporting consistent demand for affordable housing and long-term income stability in both markets.
- 90 units across two stabilized LIHTC communities; 100% occupied
- Extended Use period under Section 42; long-term regulatory certainty
- Current rents below max allowable; clear path for mark-to-max rent growth
- Single-family-style three- and four-bedroom homes in supply-constrained markets
- Anchored by university, medical center, energy, and agriculture sectors
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The Louisiana Rural LIHTC Portfolio consists of two stabilized affordable housing communities—Moss Oaks (46 units in New Iberia) and Homes at Willow Villas (44 units in Hammond)—totaling 90 units across supply-constrained rural markets. Featuring single-family-style three- and four-bedroom homes, the portfolio benefits from strong occupancy and resident retention, currently operating at 100% occupancy and generating $358,312 in NOI at a 7.46% in-place cap rate. Both assets are within the LIHTC Extended Use period under Section 42, offering long-term regulatory stability and a clear path for rent growth, with current rents below maximum allowable levels, enabling NOI upside through mark-to-max increases without market speculation or lease-up risk. The local economies in New Iberia and Hammond are supported by key drivers such as energy, agriculture, tourism, Southeastern Louisiana University, and North Oaks Medical Center, contributing to consistent demand for affordable housing and supporting long-term income stability.