Restoration Tax Abatement program

Success Stories

RENAISSANCE GATEWAY APARTMENTS

BEFORE

Renaissance Apartments in Ardenwood Before

Image shows a multi-family building in poor condition located in an economic development district. 

AFTER

Renaissance Apartments in Ardenwood after renovationsPost -renovation image showing new amenities and improvements to the 208 unit rental community. 

SUCCESS STORIES

creative bloc

BEFORE

Creative Bloc before renovations 1

Image shows a unused office space located in the Downtown Development District

AFTER

Creative Bloc after renovations

Post -renovation image showing Creative Bloc after having accessed RTA incentives

SUCCESS STORIES

progress park

BEFORE

Progress park before

Image shows a row of duplexes located in Progress Park  before renovation

AFTER

Gulf Coast Housing Partnership renovated 24 homes. Image credits to CFreedom Photography.
Gulf Coast Housing Partnership renovated a total of 24 homes

PURPOSE AND INTENT:

The RTA is an economic development incentive created by the State for local governments to use to encourage the reuse, expansion, improvement and renovation of existing buildings.  Incentives such as the RTA, can be necessary tools to improve older, vacant, blighted or underused properties that would not generate adequate returns on their investments through regular market conditions.

The City-Parish sees the importance of the RTA as a tool to encourage investment in older neighborhoods and encourage infill development through rehabilitation and reuse of buildings. Resolution 26014 established a policy for the City-Parish to participate in this program as the “local governing authority” and Ordinance 15823 amended the policy and authorized the Planning Commission to receive and process applications.

Getting Started

Link to Louisiana Restoration Tax Abatement