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The Life At Park View

Project Impacts

Back to Project Details: The Life At Park View

Note: At the time of this report, SDS is in the process of collecting additional data from the project sponsor, development team consultants, local government officials, community stakeholders, and others to assess the full scope of the project’s impacts in the context of the surrounding community. The projected impacts below are based on the ASREF CRA Analysis. For more information on Impact Report methodology, please see section 1.3.

Impact on
LMI Individuals
& Communities
LMI COMMUNITY IMPACTS
  • Provides 309 units for LMI individuals 
  • Maintains strict rent controls under LIHTC regulations (AMI 60% and below)
  • Improved facilities, maintenance, and security provides a quality living option 
The developer of The Life at Park View Apartments improved the living conditions of LMI renters while simultaneously keeping rents affordable for people earning below 60% AMI, in accordance with the LURA.  Roof repairs, landscaping and other structural improvements decreased exposure to natural elements and improved the quality of the physical environment and sanitation. Smart security systems and smart thermostats improved the safety and regulated environment of the housing. This provided a quality living option for residents of the surrounding area and incentive for continued residency. Olive Tree has a compliance officer on staff to ensure income verification and administration to comply with LURA requirements. The Life at Park View Apartments continues to provide a livable option for LMI individuals ensuring that residents will not be displaced which ultimately results in job retention, of which a significant portion are blue-collar. Upon exit, the LURA was extended by 15 years via a public-private partnership, ensuring long-term affordability.  The redevelopment of The Life at Park View created eight full-time jobs, with an aggregate payroll of $461,618 annually. This generates an annual average income of $57,702, almost double the 2017 estimated tract median family income of $31,660.

Environmental  
Impacts

  • Smart thermostats reduce electricity consumption
  • Improved roofs and infrastructure reduce HVAC use 
  • Water-efficient appliances provided


Establishment of smart home solutions such as smart security and smart thermostats reduces consumption of electricity. Modern washer/dryer units available to renters are more water efficient. Improved structural composition such as roof improvements make the housing facility safer in a hurricane-prone region that faced damages from Hurricane Harvey in 2017. Improved roofs and infrastructure increase insulation, reducing dependency and thus utilization of air conditioning or central heating systems.