(AP) The first major housing investment in the New Orleans region since Hurricane Katrina will come from a California home builder planning a community with as many as 20,000 homes.
The venture, called KB Home/Shaw Louisiana LLC, would build new homes "with the goal of providing permanent housing and increased economic development" in Louisiana, the companies said in a statement on Tuesday.
"We want to rebuild New Orleans," said Bruce Karatz, chairman and chief executive of KB Home, which has partnered with The Shaw Group of Baton Rouge to buy a 3,000-acre tract near Avondale in Jefferson Parish. [Read more - CBSnews]
Comments