May 13, 2022 | From City of New Orleans
CITY OF NEW ORLEANS AWARDS $7.5M FOR MULTIFAMILY HOUSING DEVELOPMENTS
NEW ORLEANS — The City of New Orleans today announced that the Mayor’s Office of Housing Policy and Community Development has awarded $7.5 million to five affordable housing developments across the city.
“This announcement demonstrates my administration’s commitment to providing annual grants to developers and organizations with shovel ready, affordable housing projects that align with the City’s priorities,” said Mayor LaToya Cantrell “We have been intentional on how we leverage resources from our state and federal partners for essential projects like these, combined with our homeownership down payment assistance program which will have a positive impact on our City for many years to come.”
The Notice of Funding Availability issued in late 2021 prioritized projects that leveraged funding sources, were ready to proceed, committed to maintaining extended affordability periods, and pledged to set-aside special needs housing for homeless, disabled and/or re-entry families. Each of the selected projects received an award of competitive Low Income Housing Tax Credits from the Louisiana Housing Corporation, which will help offset costs.
The following projects received awards:
Celeste Landing
- Award Amount: $1.5 million
- Unit Count: 46 rehabbed multifamily units
- Developer: Renaissance Neighborhood Development Corporation
- Neighborhood: Historic Lower Garden District
Winn Dixie Phase II
- Award Amount: $1.5 million
- Developer: McCormick Baron Salazar
- Unit Count: 45 mixed-rate new construction multifamily units
- Neighborhood: Treme
Cypress Parc Senior Housing
- Award Amount: $1.5 million
- Developer: Ryan Bates
- Unit Count: 70 new construction units
- Neighborhood: Cindy Place Area
St Bernard Circle in partnership with New Orleans Redevelopment Authority
- Award Amount: $1.5 million
- Developer: HRI
- Unit Count: 56 mixed-rate new construction multifamily units
- Neighborhood: Seventh Ward
St. Claude Gardens Phase II
- Award Amount: $1.5 million
- SBP, LLC
- Unit Count: 39 new construction, scattered-site doubles, and duplexes (preference for families with children and veterans)
- Neighborhood: Lower Ninth Ward
In addition to the above awarded projects, the City is working on funding options to develop the former Naval Support Activity East Bank facility in the Bywater that will provide 295 affordable workforce housing units on the 22-acre site. The mixed-use site will include retail space through a public-private partnership with the City of New Orleans. Pending funding allocated from the U.S. Department of Housing and Urban Development, the City plans to set aside $2.5 million for this project.
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