Article: KB HOME/Shaw Louisiana LLC Announces Plans for New Construction of over 70 Homes in New Orleans' Historic Garden District.

BATON ROUGE, La. -- The KB HOME/Shaw Louisiana LLC ("KB HOME / Shaw Louisiana") announced today that it has signed a contract with HRI Properties, Inc. ("HRI") of New Orleans to construct 15 residences for HRI in River Garden, a residential community near New Orleans' historic Garden District in the former St. Thomas Housing Project neighborhood. KB HOME/Shaw Louisiana LLC is composed of members Shaw Home Louisiana, Inc., a subsidiary of The Shaw Group (NYSE: SGR) and KB HOME New Orleans, Inc., a subsidiary of KB HOME (NYSE: KBH).

KB HOME/Shaw Louisiana will construct 15 affordably-priced homes on lots owned by HRI that will be marketed by the Housing Authority of ...

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