U.S. Bancorp is helping to finance the redevelopment of a New Orleans housing project in the historic Treme neighborhood.

A subsidiary, U.S. Bancorp Community Development Corp., provided $20.6 million in federal low-income housing tax credit financing to rebuild the 72-year-old Iberville public housing project, according to a Wednesday press release. U.S. Bank provided the redevelopment project with a $22.2 million construction loan.

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