The Lot Next Door (LND) program provides property owners with an opportunity to purchase adjacent New Orleans Redevelopment Authority (NORA) property at Fair Market Value. Income-eligible participants (at or below 80% of Area Median Income), who have a homestead exemption at the home on the adjacent property, may receive up to $10,000 of Growing Home credit toward the purchase price in exchange for making certain improvements to the property, such as landscaping and fencing.
The program was originally established in 2007 by a New Orleans City Council Ordinance and subsequently revised. On August 11, 2014, pursuant to the New Orleans Redevelopment Authority's Board of Commissioners' Resolution No. 2014-06, the New Orleans Redevelopment Authority (NORA) established the Lot Next Door 3.0 Program and hereby notifies the citizens of New Orleans of its intent to relaunch the program to dispose of remaining eligible Lot Next Door Properties.
Owners must own a property that is occupied and in good standing with the Office of Safety and Permits
Where a property owner has previously purchased a Lot Next Door property from NORA and that lot is adjacent to a property available through the current Lot Next Door Program; or
Where an owner's property is adjacent to an available NORA property that is itself adjacent to other available NORA property to the immediate left or right; or
Where the owner's property is adjacent to two or more available NORA properties. All other program and eligibility requirements must be satisfied.
In order to participate in the Lot Next Door 3.0 Program, it is the responsibility of each eligible property owner to notify NORA of its intent to purchase an eligible Lot Next Door Property and to provide such documentation as required by NORA's rules and regulations beginning at 12:00 am, January 25, 2016 by completing a LND 3.0 Expression of Interest Form online at noraproperty.nola.gov. For assistance in completing the form or for more information about the form, you may contact the Lot Next Door Program Office at 504.658.4422 .
Expressions of Interest received beginning January 25, 2016 at 12:00 am CST will be considered on a first come, first serve basis. Please note that a completed Expression of Interest Form DOES NOT guarantee purchase of the Lot Next Door Property.
Due to the vast number of ongoing NORA disposition programs, the agency reserves the right to exclude any of its properties from the LND 3.0 Program.
All Lot Next Door properties are sold for at least Fair Market Value. Fair Market Value is determined by means of an individual appraisal performed by a Louisiana licensed appraiser. NORA will order an appraisal for all eligible properties in accordance with its Appraisal Policy.
Through the Growing Home Program, LND 3.0 buyers may receive up to $10,000 in credit towards the purchase of a qualifying property in exchange for making certain landscaping improvements to the property.