There’s a battle going on in New Orleans-East and at the Louisiana Bond Commission, over acquisition of a 442-unit apartment complex known as Hidden Lakes. GMF -- Global Ministries Foundation, based in Memphis, Tennessee --is the buyer.
“We have almost 11-thousand units in eight states, as a faith-based housing development corporation,” GMF president Rev. Richard Hamlet told Louisiana’s Bond Commission last month.
Among those units are nearly 2500 apartments in Louisiana; in Lafayette, Lake Charles, and the greater New Orleans area. GMF is asking the bond commission to guarantee $24.5 million dollars so they can buy, renovate and run Hidden Lakes. Area homeowner associations have been fighting it, because it’s Section 8 housing. State Sen. Edwin Murray has been facilitating meetings between homeowners’ associations and GMF property management, in an effort to resolve the impasse.