New Orleans Will Receive National Affordable Housing Boost
NEW ORLEANS – October 11, 2011 – Mayor Mitchell Landrieu, NeigborWorks America officials, city leaders, housing officials, homebuyers, and other community members were on hand today as Providence Community Housing celebrated its entry into the national NeighborWorks network during a chartering ceremony in Bienville Square. This significant achievement, which involved Providence meeting high organizational health and performance standards, enables the organization to gain access to a powerful battery of training, research, technical assistance and funding opportunities. Robert Burns, Director of Field Operations for NeighborWorks America presented Providence’s CEO Terri B. North with a $250,000 check to support the non-profit’s operations.“ NeighborWorks network membership will provide Providence access to resources that strengthen its ability to serve New Orleans, create jobs, and contribute to local economic growth. We are proud to have such a productive and effective organization join our network of excellence,” said Burns.
“I would like to congratulate Providence Community Housing on its induction into the national NeighborWorks network,” said Mayor Landrieu. “The homes built here at Bienville Square— some of which were built with the City’s HOME funds– are part of our larger efforts to increase the availability of affordable housing for our residents. The NeighborWorks investments and our broader efforts in Faubourg Lafitte fall in line with the City’s place-based development strategy where we wrap supportive services around housing, schools, transportation and jobs.” Bienville Square is a community of for-sale homes in Mid-City that represent a portion of the Faubourg Lafitte redevelopment project. The 31 houses at the site are funded through the City of New Orleans, Federal Emergency Management Agency (FEMA), State of Louisiana’s Office of Community Development and a bridge loan provided to Providence by CD Capital. The homes start at $90,000 and are available only to citizens displaced by Hurricane Katrina and/or Rita.
“We’re proud to be joining the NeighborWorks Network and even more gratified to stand here today with families who came home after Katrina and were able to purchase through the programs Providence developed,” said Terri B. North. Several of the families who have purchased the homes and are planning to purchase were on hand to celebrate Providence’s work in the community. Since being incorporated in 2006, Providence has:
- Cleaned & gutted: 1,983 homes & apartments. (1,173 homes & 810 apartments)
- Completed construction: 1,503 homes & apts. (1,240 for seniors, 322 for working families)
- Under construction: 249 homes & apts. (13 for seniors, 177 for working families)
- In development: 593 homes & apts. (160 for seniors, 433 for working families)
- In pre-development: 941 homes & apts. (257 for seniors, 684 for working families)