The recipient entity's physical address:
           127 West Ruelle Drive
Mandeville, LA 70471

The recipient entity's mailing address (if different):
           same

Type of Entity (for instance, a nonprofit corporation):  Non-Profit Corporation

If the entity is a corporation, list the names of the incorporators:
          bryan burns

The last four digits of the entity's taxpayer ID number:  7187

What is the dollar amount of the request?  $500,000

What type of request is this?  Capital Outlay Appropriation

Is this entity in good standing with the Secretary of State?  Yes

Provide the name of each member of the recipient entity's governing board and officers:
           West 30’s Redemption Company
Board of Directors @ 1-1-24


Directors (24) Officers Committees

Ross Richardson President Events
Chuck Reynolds VP/Treasurer Faith Partnerships
Shiloh Moates Secretary Communications
Duane Abadie Supporter Development
Pastor Ozell Addison Community Liaison
Nahketah Bagby* Community Liaison
Matthew Callahan Family Relationships
Frances Dunn Communications
Jerome “Bo” Elzy Community Liaison
Kennetha Johnson Events
Mayor Mark Johnson Community Liaison
Siegfried “Ziggy” Kamga Family Relationships
Dr. Seu Hee Ledet Events
Bruce Margetson Supporter Development
Inika Mitchell Community Liaison
David Roussel Supporter Development
Ella Mae Selmon Faith Partnerships
Melissa Tabb Family Relationships
Pastor Fred Taylor Faith Partnerships
Steve Tujague, Jr. Supporter Development
Orvin Tobiason Events
Bob Turner Supporter Development
Frances Wright Events
Pastor Nathan Young Faith Partnerships

Executive Director - Bryan Burns, 127 W. Ruelle Drive, Mandeville, LA
70471

Provide a summary of the project or program:
           Develop a full (300' x 300') city block in the West 30's community into a planned unit development (PUD) that includes 20 single family homes around the perimeter of the city block, with common space in the interior for the residents of the 20 homes to use. The homes will be affordable for sale to lower and very low income families. The project will be called Imagine Place and it is designed to help bring an end to multi-generational poverty that is pervasive in the West 30's community in Covington through real estate ownership. The 20 families who purchase these homes can apply the monthly payments to paying down the mortgage and building equity so that over 20-30 years they will have created wealth for themselves rather than just paying rent as they currently are doing.

What is the budget relative to the project for which funding is requested?:
          Salaries. . . . . . . . . . . . . $20,000
          Professional Services. . . $0
          Contracts . . . . . . . . . . . $0
          Acquisitions . . . . . . . . . $200,000
          Major Repairs . . . . . . . $0
          Operating Services. . . . $0
          Other Charges. . . . . . . $280,000

Does your organization have any outstanding audit issues or findings?  No

If 'Yes' is your organization working with the appropriate governmental agencies to resolve those issues or findings?
          

What is the entity's public purpose, sought to be achieved through the use of state monies?
          Serve very-low and low income families through the provision of owned affordable single family homes in the West 30's community of Covington that will help these families create personal wealth for themselves and break multi-generational cycles of poverty.

What are the goals and objectives for achieving such purpose?
          Through home ownership, the monthly housing payment that each of the families will make goes in part toward paying down a mortgage and creating equity in the home. Over 20-30 years, the families will create substantial value in the homes they have purchase and have been making monthly payments on.

What is the proposed length of time estimated by the entity to accomplish the purpose?
           It is ongoing and differs for each family, but the wealth creation is a long term process encompassing 10-30 years

If any elected or appointed state official or an immediate family member of such an official is an officer, director, trustee, or employee of the recipient entity who receives compensation or holds any ownership interest therein:
     (a) If an elected or appointed state official, the name and address of the official and the office held by such person:
                 Covington Mayor Mark Johnson serves as one of our 24 volunteer Directors
    
     (b) If an immediate family member of an elected or appointed state official, the name and address of such person; the name, address, and office of the official to whom the person is related; and the nature of the relationship:
                 none

     (c) The percentage of the official's or immediate family member's ownership interest in the recipient entity, if any:
                 n/a

     (d) The position, if any, held by the official or immediate family member in the recipient entity:
                  n/a

If the recipient entity has a contract with any elected or appointed state official or an immediate family member of such an official or with the state or any political subdivision of the state:
(a) If the contract is with an elected or appointed state official, provide the name and address of the official and the office held by such person: 
               n/a

(b) If the contract is with an immediate family member of an elected or appointed state official:
          Provide the name and address of such person:
               n/a

          Provide the name, address, and office of the official to whom the person is related:
                n/a

          What is the nature of the relationship?  n/a

(c) If the contract is with the state or a political subdivision of the state, provide the name and address of the state entity or political subdivision of the state:
                 n/a

(d) The nature of the contract, including a description of the goods or services provided or to be provided pursuant to the contract:
               n/a


Contact Information
name:  bryan burns 
                                       address:  127 west ruelle drive
mandeville, LA 70471
                                       phone:  504-782-0100
                                       fax: 
                                       e-mail:  bryan.burns@transwestern.com
                                       relationship to entity:  Founder and Executive Director