LDG Development, LLC

We’re excited to announce our third closing of the year—Preserve at Gresham Lake! This is a 156-unit affordable, garden-style community. What sets this development apart is its direct walking path to the Durant Nature Preserve, a 250-acre haven featuring trails, wildlife, and serene greenery along our northern boundary. Congratulations to Development Manager Landon Cox on his second closing in less than a month in North Carolina, the newest market in our portfolio. This milestone would not have been possible without the support of our financial partner, R4 Capital LLC, marking a record closing for the firm. We also extend our gratitude to our incredible partners: Carolinas Housing for All, the Raleigh Housing Authority, the North Carolina Housing Finance Agency, Wake County, and the City of Raleigh. Stay tuned for updates as we bring this community to life!

Take a look the progress of The Laurel at the Woodlands in Kentucky. This affordable development is coming together beautifully, and once complete will offer one, two, and three-bedroom apartment options! Stay tuned for more updates! #AffordableHousing

WE ARE HIRING: We're growing and looking for passionate individuals to join our mission of creating high-quality affordable housing communities! Explore our exciting career opportunities: https://bit.ly/3VPbAOd

Congratulations to our Regional Resident Services Manager, Coretta Perkins, and our Texas Resident Services Coordinator, Traci Davis, for receiving the 2024 Resident-Centric CORE Value Award. Our residents are at the heart of everything we do, and every successful organization relies on team members who remind us why we do this work. This award honors employees who approach each task with residents in mind and are dedicated to inspiring others to do the same. Please join us in congratulating Coretta and Traci!

We’re overjoyed to celebrate the ribbon-cutting for our Terrace at Southern Oaks—Dallas’s newest mixed-income community! Terrace at Southern Oaks offers 300 units with modern 1–4-bedroom homes. More than 150 units are reserved for those earning up to 80% of the area median income. Terrace at Southern Oaks welcomed its first residents in July, and we’re proud that they're over 22% occupied! A special thank you to our partners who helped make this vision a reality: Xpert Design & Construction, City of Dallas, Carolyn King Arnold, Councilwoman of District 4, Dunaway, Merchants Capital, Asset Living, Dallas Housing Finance Corporation, and Evolve Architects (Austin Texas). Together, we’re building a brighter, more inclusive future for Dallas!

Big News! The Rita June Foundation was awarded a $25,000 donation from The Molina Healthcare Charitable Foundation (MolinaCares), in collaboration with Passport by Molina Healthcare, to support our work in combatting food insecurity through our pantry program. This incredible contribution, the largest donation yet for our Louisville-based pantries, will allow us to provide over 9,500 pounds of food to our communities! Food insecurity has hit record highs in Jefferson County. According to Feeding America, nearly 102,000 individuals were food insecure in 2022—a staggering 31% increase since 2021. With food prices up by 25% from 2019 to 2023, this donation is a timely boost for many struggling families. The Rita June Foundation has opened five pantries at our affordable housing properties across Louisville to address this need. These pantries are stocked solely by the generosity of LDG employees, and thanks to partners like MolinaCares, we’re able to make an even greater impact. Together, we’re building a stronger, more nourished Louisville.

We're officially in nine states! This marks the second closing of the year for us with Sankofa Landing, a community designed with Durham's rich history in mind. This affordable housing community will feature both a 4-story interior corridor and a 3-story garden-style layout, providing 156 homes to the area. Located on land that has served as a gathering place for the Durham Veterans of Foreign Wars (VFW) since the 1970s, we’re proud to honor this legacy. The second story of this clubroom will serve as the VFW's new office, a 5,000 SF space that continues their presence in this community. We couldn’t have achieved this milestone without the incredible support of our partners: R4 Capital LLC – Debt, PNC – Equity, City of Durham – Soft Loan, Durham Housing Authority – Project-Based Vouchers, including 13 veteran vouchers, and Carolinas Housing for All – Non-profit partner Shout out to our Development Manager Landon Cox on closing his first-ever deal in Durham, NC! Join us in congratulating him on this fantastic accomplishment. Thank you to all involved for helping us make Sankofa Landing a reality.

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Shout-out to our 2024 NAHRO-LDG Scholars! The NAHRO-LDG Scholarship is a 10-year initiative that will provide $1 million in scholarships and internship opportunities to low-income students nationwide. The partnership, which began in 2019, has already awarded more than $500,000 in scholarships to more than a dozen students. Congratulations to all the recipients — we look forward to seeing your bright futures unfold!

Congratulations to our co-principal, Chris Dischinger, on receiving the 2024 Wilson Wyatt Alumni Award from the University of Louisville College of Business! “I want to thank the University for this award. As a proud graduate of the University of Louisville, I understand the impact UofL has on the community. It has also had a significant impact on my family. My wife, son, and I are all graduates of UofL,” Dischinger said. “When I think about UofL, I think about the determination and resilience of the University and how it influences the community. UofL is a scrappy institution. It reminds me of my days at UofL, attending evening and weekend classes while working full-time. That pride keeps me connected to the University. You understand the vital role it plays in the lives of families here in Louisville, as well as those who come from outside the city to attend the University. The spirit of determination at UofL reflects throughout the whole community, through the business community, through the educational community. The ways that UofL touches the city of Louisville as a whole is an incredible thing that I think is only beginning to grow. Louisville is one of the up-and-coming cities in the United States, and the University is an integral and central part of that. In addition to the way the University touches the business and education communities of the city as a whole," he said. Please join us in congratulating Chris for his unwavering commitment to UofL and the Louisville community. Watch his acceptance speech here (beginning at 54:11): https://bit.ly/48h6FgV