NEW IBERIA, La. (AP) — A nonprofit group known for its work in rural community development is stepping into the housing market.
The New Iberia-based Southern Mutual Help Association broke ground has broken ground on a 600-home development on nearly 100 acres in Iberia Parish.
The Advocate reports (http://bit.ly/13zBOWP ) the Teche Ridge development will include a mix of restaurants, shops, office space, parks and a range of housing options in a largely self-contained community.
The concept has proven popular in Lafayette Parish, which is home to two similar developments, River Ranch in Lafayette and Sugar Mill Pond in Youngsville.
Association CEO Lorna Bourg said housing options at Teche Ridge are designed to ensure that working-class families and young people just getting started in a career are not priced out of the development.
Information from: The Advocate, http://theadvocate.com