Affordable Housing

NORA is committed to the development of residential neighborhoods to ensure that New Orleans remains a desirable and vibrant place to live for residents of all income levels. By providing financing and/or land, we partner with housing developers – both non-profit and for-profit – to build attractive, energy efficient homes in underinvested neighborhoods.

NORA regularly partners with the State of Louisiana, the City of New Orleans, and the Housing Authority of New Orleans to maximize various financial resources in order to pursue creative housing programs that have in the past supported Developers, home buyers, small rental land lords and renters.

Examples of our work include our successful Neighborhood Stabilization Program (NSP2), which created over 425 units of affordable housing for local residents. And we continue to contribute many of our properties for affordable housing development in neighborhoods across the city.

These affordable housing investments have a direct, positive impact on the quality of neighborhoods and on the quality of life for the new residents of these homes.

To learn more about NORA’s Affordable Housing Programs, please contact Kesha Simon, Affordable Housing Program Manager.

To learn more about homes currently for sale through NORA and our partners click here.


NSP 2 Quarterly Report

As a recipient of a $29.7 million grant from the Neighborhood Stabilization Program, NORA facilitated the new construction or renovation of 435 affordable homes for low-to-moderate income New Orleans families in partnership with 15 developers city-wide.

Click here to download the NSP 2 Quarterly Report

NORA has residential and commercial properties that are put on the auction block twice a year.
Click here to search for a property.

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