Cypress Springs Senior Apartments opens thanks to an investment from FFL

Lousiana’s

FFL provided $250,000 in gap financing for the development, which offers quality housing for seniors aged 55 and older with a special emphasis on seniors with special needs.

FFL and other officials helped commemorate the ribbon-cutting ceremony to officially mark the opening of north Baton Rouge’s Cypress Springs Senior Apartments, on July 28. The three-story, 131,079 square-foot development cost $19.2 million and features 144 apartment units of affordable housing.

FFL provided $250,000 in gap financing for the development, which offers quality housing for seniors aged 55 and older with a special emphasis on seniors with special needs.

Lydia Cutrer, FFL’s Community Investment Fund Director, joined FFL board member Mark Quinn at the ceremony. Other partners in the development included the U.S. Department of Housing and Urban Development, the Louisiana Housing Corporation, JP Morgan Chase and Berkadia Commercial Mortgage LLC.