NORA provides land, construction financing, project subsidy, and homebuyer subsidy for the development of affordable homeownership units through its Residential Construction Lending programs. Land is provided at 10% of the appraised value. Secondary construction financing typically is sized between $75,000 and $100,000 per unit with development subsidy that varies by neighborhood market value. Homebuyer subsidies vary and may be available to households at or below 80% of Area Median Income (AMI) or 120% AMI. NORA is in the process of developing over 130 homes and investing over $10 million through its Residential Construction Lending programs across the city, including Gentilly, Gentilly Woods, Holy Cross, Hoffman Triangle, New Orleans East, Pontchartrain Park, the Seventh Ward, and the Lower Ninth Ward.