By JIM BUTLER

The Louisiana Housing Corp. plans to ask HUD late this month to release funds for an affordable housing development in Pineville.

Live Oak Village is a 50-rental units proposal to be located at 4139 Hwy. 28 East.

The developer, Hughes Spellings of Louisville, Miss., envisions two residential buildings housing the units, a clubhouse, picnic area and parking lot.

LHC has determined there is no significant adverse impact on human environment and therefore an Environmental Impact Statement is not required.

Estimated cost of the proposal includes $1,875,000 via a HOME Investment Partnership grant and $375,000 in National Housing Trust funding.

LHC estimates tenants will have income between 20 and 60 percent of the parish’s annual mean income.

Live Oak was initially proposed for the Lake Charles area but the developer in October opted to switch to the Pineville location.

Late in 2023 a separate affordable housing project – Pecan Ridge Phase II – qualified for a $725,000 tax credit for 48 newly constructed units in the city.