CLEARWATER, Fla.--(BUSINESS WIRE)--Sep 18, 2025-- Churchill Stateside Group, LLC (“CSG”), a real estate and renewable energy financial services company, is pleased to announce the closing of an $11,000,000 Tax-Exempt Construction Loan to finance Canal Crossing, a 49-unit affordable Low Income Housing Tax Credit senior housing development located in New Orleans, Louisiana. The project involves the adaptive re-use of a historic building, blending affordable housing development with architectural preservation in the heart of New Orleans. Once completed, the property will offer high-quality, income-restricted housing for seniors, addressing a critical need in a city that faces a shortage of affordable rental housing.
Churchill Stateside Group Provides $11,000,000 Tax-Exempt Construction Loan for Adaptive Re-Use of Historic Building for Senior Housing Development in New Orleans, LA