NewCorp Makes First Community Investment in Baton Rouge via Urban Garden Senior Village Development

(Baton Rouge) – NewCorp, a private nonprofit, has provided financial products and services, technical assistance and training to small/medium, minority and women owned businesses since 1995. NewCorp recently made its first community investment in Baton Rouge as a funding partner for Urban Restoration Enhancement Corporation’s (UREC) Urban Garden Senior Village Development.
NewCorp Loan Fund Manager Peter Brooks said the purpose of the investment was to provide and restore rental housing in North Baton Rouge areas that were impacted by flooding in 2016, particularly for older adults.
Brooks said, “We are very proud to be a part of a project that provides access to quality housing and affordable rates to grandparents who are raising grandchildren, as well as the elders over 55 years old, and we look forward to continuing our relationship with UREC as it builds today’s communities for tomorrow.”
Watch Brooks discuss NewCorp’s investment in Urban Garden Senior Village in the video above.
About the Senior Village
UREC developed Urban Garden Senior Village to add new, affordable housing to the Urban Garden neighborhood, which UREC previously built and developed in North Baton Rouge. The neighborhood is located at the site of the old Hollywood Elementary School and provides the first newly constructed homes built in the area in more than 50 years. In the upcoming weeks, UREC will continue to share more exciting updates and partnerships regarding Urban Garden Senior Village via e-mail and our social media channels. Please connect with us via Facebook,Twitter and LinkedIn to stay abreast of this project, which is “Building Today’s Communities for Tomorrow!”
About UREC
UREC is a nonprofit community development organization that has served Baton Rouge since 1992 with a mission to “transform communities by investing in people and restoring neighborhoods.” Learn more at www.urecbr.com.
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