In its Lower Ninth Ward Development Initiative, NORA provided land for the development of affordable housing. Land was provided at 10% of the appraised value. Development subsidy was provided by the City of New Orleans Office of Community Development and the Louisiana Housing Corporation. Renters were required to be at or below 80% of Area Median Income (AMI) to be eligible, while homebuyers were required to be at or below 120% AMI. NORA’s development partners produced more than 170 affordable rental and homeownership units through the Lower Ninth Ward Development Initiative.
Status of Lower Ninth Ward Development Initiative