Neighborhood Initiatives

Choice Neighborhoods Initiative

In the Choice Neighborhoods Initiative, NORA provided land and structures for the development of affordable housing through its partnership with the City of New Orleans and the Housing Authority of New Orleans. Land and structures were provided at 10% of the appraised value. Development or homebuyer subsidy was provided by the City of New Orleans Office of Community Development. 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 are produced more than 20 affordable rental and homeownership units through the Choice Neighborhoods Initiative.

Gentilly

In its Gentilly Development Initiatives, NORA provided land for the development of affordable housing. Land was provided at 10% of the appraised value. Homebuyers were required to be at or below 120% of Area Median Income (AMI) to be eligible. NORA’s development partners produced over 50 single family homeownership units through the Gentilly Development Initiatives.

Status of Gentilly Neighborhood Initiative Sales

Completed Projects

1474 Granada

2252 Pressburg

2510 Vienna

4931 Elysian Fields

4966 Miles

4979 Elysian Fields

5634 Vermillion

4134 Duplessis

3401 Havana

Lower Ninth Ward

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

Completed Projects