Multifamily news in Affordable Housing - New Orleans
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New Orleans Project Completes Transformation
The development was flooded by Hurricane Katrina and later revamped into a mixed-use, mixed-income property.
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Elevation Financial Sells Baton Rouge, LA, Community for $16M
Following the 2016 acquisition of the asset, Elevation invested $3.8 million in a thorough renovation which included the restoration of 160 units and rebuilding of 10 units.
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On the Market: 5 Interesting Listings for the Week of 7/9
This week's listings include a newly renovated historic asset in Baltimore that benefits from a CHAP credit, an age-restricted, fully affordable community in Baton Rouge, La., and more.
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On the Market: 5 Interesting Listings for the Week of 6/18
This week's listings include an affordable community in Baton Rouge, La., and a Washington, D.C.-area property that recently received capital improvements.
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Dougherty Arranges Refi for Louisiana Community
The 17.6-year Fannie Mae loan originated by Dougherty’s Minneapolis office has a 30-year amortization schedule. The $1.3 million financing will be utilized to refinance an 80-unit residential property.
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Bellwether Enterprise Closes $31M Loan for Affordable Housing in New Orleans
Village of Versailles will feature 400 affordable units by the end of 2017, restoring some of the housing stock lost during Hurricane Katrina.
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Affordable Public Housing Breaks Ground at Katrina-Marred Site
This week marked the start of yet another project that will erase some of the damage left behind by Hurricane Katrina.
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$60 M Mixed-Use Redevelopment Project Almost Completed
The nationwide trend of downtown apartment living has not eluded The Big Easy. New Orleans’ downtown population is currently around the 5,000 mark – double what it was five years ago.
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60-Unit Supportive Housing Project Wins SEED Award
The New Orleans Redevelopment Authority (NORA) announced the Rosa F. Keller Building, launched earlier this year, has been awarded a 2013 Social Economic Environmental Design Award for Excellence in Public Interest Design.
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NORA Breaks Ground on Mixed-Income Housing
The New Orleans Redevelopment Authority (NORA), in partnership with UNITY of Greater New Orleans, has announced the groundbreaking for a mixed-income permanent supportive housing development in Central City.
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Saenger Theater Restoration, Lambeth House Wellness Center to Commence
By Amalia Otet, Associate Editor New Orleans city officials plan to kick off the Saenger Theater renovations this month. The project costs initially estimated at $39 million have escalated since 2009, when the restoration was first announced, and the project now [...]
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HANO Pursues Public Housing Redevelopment in Iberville
By Amalia Otet, Associate Editor Public housing redevelopment, always a major issue for New Orleans, grew in importance following Hurricane Katrina. Now, the city has an ally in the Housing Authority of New Orleans in the battle to fight blight. One of [...]