HILCO REAL ESTATE COMPLETES ANOTHER SUCCESSFUL ONLINE AUCTION OF PROPERTIES IN NEW ORLEANS FOR THE NEW ORLEANS REDEVELOPMENT AUTHORITY (NORA)

NEWS PROVIDED BY
Hilco Real Estate
Sep 15, 2022, 08:55 ET
NORTHBROOK, Ill., Sept. 15, 2022 /PRNewswire/ -- As part of its continuing series of successful auctions, Hilco Real Estate, LLC, facilitated the sale of an additional 115± commercial and residential structures and development lots on behalf of the New Orleans Redevelopment Authority (NORA) on August 22 through August 25 in another online-only auction generating over $2.4 million in sales. Over 200 bidders registered to take part in this year's online auction with a total of 1,952 bids placed by registrants. There were 99 total properties that received bids higher than the minimum price and will now be sold to the highest bidders.
Highlights of the auction included a vacant commercial lot that should for $168,000, a vacant residential lot on Music Street that sold for $86,000, and a number of sites located in the Lower Ninth Ward and New Orleans' east areas that sold above the minimum bids. Bidders were required to provide initial deposits of $4,000 per residential property and $5,000 per commercial property in order to bid. After the auction conclusion, sale contracts were immediately delivered electronically to the buyers and closings will be successfully completed by the end of 2022.  
The Hilco Real Estate team was led by Fernando Palacios, the company's Mid-Atlantic regional broker and managing director, and Paul A. Lynn, CCIM, a senior project consultant, Louisiana real estate broker and licensed Louisiana auctioneer. Over the last fourteen years, Fernando Palacios and Paul A. Lynn, CCIM, have auctioned over 2,500 properties, generating over $70 million in sales for various public housing authorities and governmental agencies in multiple states. 
This auction represents a continued series of auction sales events conducted by Hilco Real Estate, LLC, for properties owned by NORA that were impacted by Hurricane Katrina.
"These auctions are part of our continuing effort to place properties back into commerce throughout the city. The auctions serve as another tool in the ongoing effort of rebuilding New Orleans and our neighborhoods," said Brenda Breaux, Executive Director of NORA.
Fernando Palacios stated, "Hilco Real Estate is pleased to continue to partner with NORA through these programs. The auction events are a very effective, transparent process in determining today's true market value for this diverse group of properties throughout New Orleans."
NORA requires that buyers build or rehabilitate the purchased properties within 365 days of closing, in accordance with all required building ordinances and codes.
The next NORA auction event is planned for 2023. To be notified of future Hilco Real Estate and NORA auctions, sign up for update emails at Hilco Real Estate's website or NORA's website. To view additional offerings, please visit Hilco Real Estate's property listings webpage where new listings are added monthly.
About Hilco Real Estate: Hilco Real Estate, LLC ("HRE"), a unit of Hilco Global, is headquartered in Northbrook, Illinois. HRE is a national provider of accelerated real estate disposition services for corporations, lenders, servicers, receivers, bankruptcy attorneys, estates, private owners, investment companies as well as local, state and federal government agencies. Acting as an agent or principal, HRE applies its vast experience to advise and execute strategies, helping both healthy and distressed clients to derive maximum value from their real estate assets. By leveraging multi-faceted sales strategies and techniques, aggressive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE exceeds expectations even in the most complex transactions.
SOURCE Hilco Real Estate

GENTILLY MESSENGER CAP ARTICLE LOGO

Homeowner stormwater management program expands in Gentilly and beyond

BY GENTILLY MESSENGER · PUBLISHED AUGUST 15, 2022 · UPDATED AUGUST 15, 2022

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The New Orleans Redevelopment Authority (NORA) and city of New Orleans recently announced a $5 million expansion of the Community Adaptation Program for low- to moderate-income homeowners to manage stormwater on their properties across the city.

To date, NORA has completed 179 projects in Gentilly through its original $5.9 million allocation from the $141 million National Disaster Resilience grant from the U.S. Department of Housing and Urban Development.

The existing NDR-funded program in Gentilly provides up to $25,000 worth of residential-scale stormwater management interventions at no cost to homeowners.

Participating CAP homeowners can choose from a variety of green infrastructure improvements such as the installation of permeable pavement (including to replace impervious concrete surfaces like patios and driveways), stormwater planter boxes, tree plantings, infiltration trenches, rain barrels and rain gardens.

The program’s 150th project was at the Pontchartrain Park home of Lydia Taylor. Even after hauling in two truckloads of dirty after Hurricane Katrina, Taylor said, she had standing water in the yard after a rain before signing up for CAP.

The Wingate Engineers crew removed more 100 square feet of concrete from the property. The improvements included a new permeable paver patio, infiltration trenches, rain gardens, stormwater planter boxes, rain barrels and trees.

Instead of grass in her backyard, she now has a permeable patio, tall handcrafted planters filled with Louisiana iris and beds with ginger and sweetbay magnolia trees. The plants were chosen for their root systems’ ability to absorb water, said Randy Smith of Wingate engineers.

“In addition to the beauty of the project,” Smith said, “it serves the purpose of stormwater management.” The interventions can capture 6,170 gallons of stormwater, the equivalent of the first 1.98 inches of rainfall on the property during a major storm.

Taylor said she also loves that she no longer has to mow grass. “I have a lawnmower for sale right now,” she laughed.

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Cumulatively, the first 179 completed CAP projects are able to store 532,306 gallons — the equivalent of approximately 6,653 bathtubs — of stormwater in the Gentilly area, allowing it to remain on site and gradually infiltrate the underlying soil instead of entering the city’s drainage system.

On average, each CAP home site can manage at least an inch of rainfall on the property.

“Stormwater management on private property is a key strategy for our city to reduce stormwater runoff and free up existing capacity in our grey infrastructure system,” said NORA Executive Director Brenda M. Breaux. “If each property could detain the first inch of rainfall on-site, in addition to the inch that can be managed by our pipes and pumps in the first hour, we could greatly increase our collective capacity and reduce the number and severity of flood events.”

NORA currently partners with four local Disadvantaged Business Enterprise and nonprofit organizations — Dana Brown and Associates, Thrive New Orleans, Ubuntu Construction, and Wingate Engineers —to complete the design and construction work.

The $5 million expansion includes an increased allocation of NDR funds for additional projects in Gentilly as well as a new allocation of General Obligation bond funds for projects in neighborhoods across the city.

“This additional funding could not come at a better time, as this gives our working-class homeowners an added layer of protection and security in the wake of peak hurricane season at no cost to them,” said Mayor LaToya Cantrell.

NORA is currently accepting applications from low- to moderate-income (up to $62,700 for a family of four) homeowners for the existing NDR-funded Community Adaptation Program in Gentilly.

The pre-application and more information about the Gentilly program can be found at noraworks.org/cap. Applications for the new bond-funded program for the rest of the city are expected to be available this fall.

Public engagement continues to be an integral part of the CAP and GRD. Virtual “CAP Chats” is the online event series that the city uses to showcase completed projects and the homeowners’ experience throughout the process. View previous episodes here.

For more information about the Community Adaptation Program, visit nola.gov/resilience, send an email to This email address is being protected from spambots. You need JavaScript enabled to view it.;or call 504-658-7623.

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Geometric Background Of Eco Floor Bricks And Green Grass. Eco Parking Texture

 

 

 

 

 

 

 

 

 

 

 

 

Getty Images 

NEW ORLEANS – The New Orleans Redevelopment Authority (NORA) and City of New Orleans have announced a $5 million expansion of the Community Adaptation Program for low-to-moderate-income homeowners to manage stormwater on their properties across the city. To date, NORA said it has completed 179 projects in Gentilly through its original $5.9 million allocation from the $141 million National Disaster Resilience grant from the U.S. Department of Housing and Urban Development.

The existing NDR-funded program in Gentilly provides up to $25,000 worth of residential-scale stormwater management interventions at no cost to homeowners. Participating CAP homeowners can choose from a variety of green infrastructure improvements such as the installation of permeable pavement (including to replace impervious concrete surfaces like patios and driveways), stormwater planter boxes, tree plantings, infiltration trenches, rain barrels, and rain gardens. NORA currently partners with four local Disadvantaged Business Enterprise and non-profit organizations (Dana Brown and Associates, Thrive New Orleans, Ubuntu Construction, and Wingate Engineers) to complete the design and construction work.

Cumulatively, the first 179 completed CAP projects are able to store 532,306 gallons (the equivalent of approximately 6,653 bathtubs) of stormwater in the Gentilly area, allowing it to remain on site and gradually infiltrate the underlying soil instead of entering the City’s drainage system. On average, each CAP home site can manage at least an inch of rainfall on the property.

“The New Orleans Redevelopment Authority is excited to expand our partnership with the City of New Orleans through the allocation of additional funding to the successful Community Adaptation Program in Gentilly and to introduce these critical green infrastructure interventions to homes and neighborhoods across the city through a new bond-funded program,” said NORA Executive Director Brenda M. Breaux in a press release. “Stormwater management on private property is a key strategy for our city to reduce stormwater runoff and free up existing capacity in our grey infrastructure system. If each property could detain the first inch of rainfall on-site, in addition to the inch that can be managed by our pipes and pumps in the first hour, we could greatly increase our collective capacity and reduce the number and severity of flood events.”

“This additional funding could not come at a better time, as this gives our working-class homeowners an added layer of protection and security in the wake of peak hurricane season at no cost to them,” said Mayor LaToya Cantrell. “I am grateful for this partnership with NORA that will help expand our flood mitigation efforts and further showcase New Orleans as a model for how to build back as a more resilient city. The City of New Orleans remains on the frontlines of climate change and will continue to invest in green infrastructure improvement projects to ensure our people are well-equipped and prepared for this uncertain and challenging future.” 

The $5 million expansion includes an increased allocation of NDR funds for additional projects in Gentilly as well as a new allocation of General Obligation bond funds for projects in neighborhoods across the city. NORA is currently accepting applications from low-to-moderate-income (up to $62,700 for a family of four) homeowners for the existing NDR-funded Community Adaptation Program in Gentilly. The pre-application and more information about the Gentilly program can be found at noraworks.org/cap. Applications for the new bond-funded program for the rest of the city are expected to be available this fall

FOR IMMEDIATE RELEASE:
August 10, 2022
Media Contact:
Malana Joseph Mitchell
This email address is being protected from spambots. You need JavaScript enabled to view it.
(504) 559-0823

 

NORA and City of New Orleans Announce $5 Million Citywide Expansion of Homeowner Stormwater Management Program

NEW ORLEANS - The New Orleans Redevelopment Authority (NORA) and City of New Orleans are pleased to announce a $5 million expansion of the Community Adaptation Program for Low to Moderate Income homeowners to manage stormwater on their properties across the city. To date, NORA has completed 179 projects in Gentilly through its original $5.9 million allocation from the $141 million National Disaster Resilience (NDR) grant from the U.S. Department of Housing and Urban Development.

The existing NDR-funded program in Gentilly provides up to $25,000 worth of residential-scale stormwater management interventions at no cost to homeowners. Participating CAP homeowners can choose from a variety of green infrastructure improvements such as the installation of permeable pavement (including to replace impervious concrete surfaces like patios and driveways), stormwater planter boxes, tree plantings, infiltration trenches, rain barrels, and rain gardens. NORA currently partners with four local Disadvantaged Business Enterprise and non-profit organizations (Dana Brown and Associates, Thrive New Orleans, Ubuntu Construction, and Wingate Engineers) to complete the design and construction work.

Cumulatively, the first 179 completed CAP projects are able to store 532,306 gallons (the equivalent of approximately 6,653 bathtubs) of stormwater in the Gentilly area, allowing it to remain on site and gradually infiltrate the underlying soil instead of entering the City’s drainage system. On average, each CAP home site can manage at least an inch of rainfall on the property.

“The New Orleans Redevelopment Authority is excited to expand our partnership with the City of New Orleans through the allocation of additional funding to the successful Community Adaptation Program in Gentilly and to introduce these critical green infrastructure interventions to homes and neighborhoods across the city through a new bond-funded program,” said NORA Executive Director Brenda M. Breaux. “Stormwater management on private property is a key strategy for our city to reduce stormwater runoff and free up existing capacity in our grey infrastructure system. If each property could detain the first inch of rainfall on-site, in addition to the inch that can be managed by our pipes and pumps in the first hour, we could greatly increase our collective capacity and reduce the number and severity of flood events.”

 "This additional funding could not come at a better time, as this gives our working-class homeowners an added layer of protection and security in the wake of peak hurricane season at no cost to them," said Mayor LaToya Cantrell. "I am grateful for this partnership with NORA that will help expand our flood mitigation efforts and further showcase New Orleans as a model for how to build back as a more resilient city. The City of New Orleans remains on the frontlines of climate change and will continue to invest in green infrastructure improvement projects to ensure our people are well-equipped and prepared for this uncertain and challenging future."

 The $5 million expansion includes an increased allocation of NDR funds for additional projects in Gentilly as well as a new allocation of General Obligation bond funds for projects in neighborhoods across the city. NORA is currently accepting applications from Low to Moderate Income (up to $62,700 for a family of four) homeowners for the existing NDR-funded Community Adaptation Program in Gentilly. The pre-application and more information about the Gentilly program can be found at noraworks.org/cap. Applications for the new bond-funded program for the rest of the city are expected to be available this fall.

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About New Orleans Redevelopment Authority
The New Orleans Redevelopment Authority (NORA), created by the State of Louisiana in 1968 as the Community Improvement Agency (CIA), is a public agency charged with revitalization of underinvested areas in the City of New Orleans. The CIA began operating in 1969 and in the 1970s, the Agency was charged with implementing federal Urban Renewal programs, which focused on the elimination of physical blight. In everything that we do — affordable housing, commercial corridor revitalization, and land stewardship — NORA is focused on our mission to be a catalyst for the revitalization of New Orleans, partnering in strategic developments that celebrate the city's neighborhoods and honor its traditions.

 

Uptown Messenger Logo

Affordable housing, child-care center proposed for blighted firehouse

By Jesse Baum, Uptown Messenger | 16 hours ago

2314 Louisiana Ave.

A blighted firehouse on Louisiana Avenue could be transformed into affordable housing and an early childhood center, if plans submitted to the New Orleans Redevelopment Authority are granted final approval 

The proposal was presented Wednesday evening (July 27) at a public Zoom meeting to inform the community about ongoing plans for renovating and repurposing the disused firehouse on 2314 Louisiana Ave. 

Mid-July marked the close of NORA’s solicitation for development proposal period, and the organizations Home by Hand and Alembic Community Development presented their joint plans for the site. Their proposal would see the old firehouse renovated to become an early childhood education center on the ground floor and seven affordable rental units on the two floors above.

“One of the requirements of the program is that any development that arises from the [NORA-run] program must create either affordable housing units or economic development opportunities in the form of jobs,” said NORA project manager Kyle Gilmore. 

The city is leasing the property to NORA for a 99-year term; NORA will then sublease it to a development partner that administers the overall process of putting the building back into use.

According to NORA, an award for the sub-lease will be granted Aug. 8 to the winning applicant for redevelopment. Though many groups reportedly expressed interest in the property, two organizations applied for the sub-lease. The proposals were then evaluated by a team of NORA and city employees. 

“Three people from NORA and two from the city of New Orleans did the scoring, and Home by Hand had the highest score. And that’s why we’ve asked them to come present their plan,” Gilmore said.

Home by Hand is a local nonprofit that develops newly constructed energy-efficient homes for low- and moderate-income residents. It has developed more than 200 homes throughout the city while also providing financial coaching to help clients build generational wealth.

Alembic Community Development, its partner for the project, focuses on redeveloping historic buildings as affordable housing, commercial space and community facilities. Its projects include the H3C affordable housing and community health-care complex under construction on the former Brown’s Dairy lot on Oretha Castle Haley Boulevard.


via NORA

Architect’s rendering of the renovated former firehouse.

“We’re really, really excited to share our collective vision of the firehouse property, which includes seven permanently affordable apartment units that will operate with cohesion with the ground floor, which we are looking at as an early childhood learning center,” said Oji Alexander, executive director of Home by Hand.

The renovations would mean completely remodeling the interior, restoring the building’s façade, and landscaping about 1,500 square feet of outdoor space. 

“ [The] early childhood learning center will be utilized not just by the tenants in the affordable housing but also for the surrounding community,” Alexander said.

In April, voters in Orleans Parish passed a city-wide millage aimed at funding 1,000 additional spots in New Orleans’ City Seats program, which helps fund early childhood education. Providers say the program has allowed for greater professional development and increased salaries for workers as well as greater resources for children.

The proposed early childhood education center would be wheelchair accessible and will potentially have the capacity for 50 children to attend the programs offered there. Jonathan Leit of Alembic noted that there is a desperate need for affordable early childhood education in New Orleans. 

The New Orlean-based organization Agenda for Children, which administers City Seats, states on its website that “an estimated 70% of low-income children under four don’t have access to high-quality early-childhood education.”

“We know what the impact of that will be, the impact is that [lack of early education] perpetuates racial inequity over generations,” Leit said.

“During this RFP process, we’ve been talking to people and providers. We’ve been talking to whole networks that are involved in supporting these child-care operators. What we learned is that they’re supposed to create new facilities or expand and improve the existing ones,” Leit continued.

The No. 1 concern for the operators is zoning. Early childhood centers are not permitted in many areas around the city. However, the firehouse’s zoning does permit a child-care center. 

And the No. 2 concern is the lack of affordability in the local real estate market, Leit said.

Leit said that Alembic has been talking with potential operators for the education center, but as their team has not officially been granted the space, these talks have been preliminary. Leit declined to name specific organizations. 


via NORA

An outdoor play area and a rear auxiliary building are planned for the early-childhood center.

All the upstairs apartments would be earmarked as affordable units for residents making below an income threshold based on a percentage of the area median income (AMI).

There are four one-bedroom units planned, with one designated for a renter making below 50% AMI, or about $31,400 per year for a two-person household, and three marked for renters making below 60% AMI, or $37,680 a year for a two-person household. 

There will also be three two-bedroom units, two marked for below 60% AMI, or $42,360 per year for a household of three, and one for a renter below 80% AMI, or below $56,480 a year for a three-person household.

The early plans for the space show two-story apartments with kitchens and living areas on the building’s second floor and loft bedrooms on the top floor. The planned units will not be wheelchair-accessible. 

The development team has named Studio Kiro, based in Central City, as the project architect. Studio Kiro is also the architect on a nearby high-profile historic renovation, the Dew Drop Inn on LaSalle Street. CDW Services will be the general contractor.

After the presentation, the meeting hosts opened up the floor for questions.

“Can you describe the application process for eligible tenants?” meeting attendee Brandon Surtain asked. Alexander replied that the application process would be “in-house,” created by Home by Hand.

Other questions focused on parking. While the property does not have off-street parking, the development team plans to work with the Department of Public Works to create reserved frontage for deliveries as well as child-care drop-off and pickup. 

On Aug. 8, NORA’s board will make the final decision on awarding the property to the winning proposal.

The development team will then work through fall on securing financing for the project, which will likely include federal and state historic tax credits and low-income housing tax credits, along with funding from the city and philanthropic sources.

Construction is set to begin sometime next year, with a planned completion date in 2024. 

Reporter Jesse Baum can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it..