(The Center Square) – The Louisiana State Bond Commission on Thursday approved nearly $38 million in revenue bonds to support two affordable housing projects in New Orleans .
The decision came with pointed questions about the high construction costs, with commission members calling the costs per unit “outrageous.”
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Ultimately, the commission signed off on the Louisiana Housing Corp.’s request to issue up to $22 million in bonds for the 4100 Bywater project, a planned four-story development with 82 affordable units in the Bywater neigh