PUBLIC NOTICE

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Project Owner:

The Liberty at St. Bernard LLC.

Managing General Partner:

The sole member is LCGG Partners, LLC; the manager is Todd McDonald.

Project Name:

The Liberty St. Bernard.

Project Location:

1950 St. Bernard Ave, New Orleans, LA 70116.

Number of Units:

62 units residential with front desk and supportive services. (63 units including resident manager).

Unit Mix:

56 1BR units, 6 2BR units (7 2BRs including resident manager).

Nature of Project:

The project is a new construction senior residential LIHTC development, affordable to persons at 30-60% New Orleans area AMI. It is applying for 9% tax credits and CDBG Piggy Back loan provided by the Louisiana Housing Corporation. 5% of the units are permanent supportive housing set-aside.

Rents:

1 BRs approx. $426-$915/mo, 2BRs approx. $504-$1,091/mo.

Total Development Cost:

Approx $24,206,647

Project Funding:

1st mortgage - $5,607,647

City HOME - $3,500,000;

AFP Dallas - $2,000,000

LHC - $500,000;

Equity (fed credit) - $12,599,000.

Contact Information:

The Liberty at St. Bernard LLC, Attn: Jaimme Collins, GC/EVP/SVP, Liberty Bank & Trust, 6600 Plaza Dr, New Orleans, LA 70127.

138221-apr 26-28-3t

$592.81