GNOHA is a coalition who believe the only way to build a just and equitable society is put people first and #PutHousingFirst.
Joined January 2010
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Good afternoon, Finance New Orleans’ Board of Trustee Meeting is starting now.
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Board members discussed the importance of clear public education around the Housing Trust Fund, including how funding decisions are made, who sets program priorities, and the role of Finance New Orleans as administrator of the fund.
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FNO provided an update on Baronne Lofts, a 22-unit, 100% affordable senior housing development in Central City that has been nearly a decade in the making.
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Affordable housing preservation remains a key strategy. The proposed Renaissance Place project would reinvest approximately $88,000 per unit while maintaining affordability for households earning 40%, 50%, and 60% of Area Median Income.
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The Renaissance Place Preservation project would combine affordability preservation with resilience investments, including potential fortified roofing, energy-efficient upgrades, and solar improvements.
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FNO previewed the Renaissance Place Preservation project, a proposed acquisition and rehabilitation of an existing multifamily property that would preserve affordability for residents for another 30 years.
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The SMART Loan Program (Small Multifamily Affordable Resilient Transformational) Loan is moving closer to launch. Program guidelines and applications are expected this summer, helping support small-scale affordable housing development across New Orleans.
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FNO continues preparing for deployment of Housing Trust Fund dollars. Recent listening sessions on fortified roofing and the SMART Loan Program brought together residents, developers, and stakeholders to help shape program implementation.
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Good afternoon I am live tweeting from Finance New Orleans’ June Finance and Investment Committee Meeting.
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The meeting has been adjourned next is Finance New Orleans’ Board of Trustees Meeting.
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FNO is exploring strategies to reposition assets within its Pathways for Homeownership program, including potential property sales that could generate capital for future housing initiatives.
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A planned $650,000 Housing Trust Fund-related funding allocation remains in the pipeline and is expected once agreement execution is completed, helping support future housing investments across New Orleans.
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The organization’s cash position remains strong with approximately $10.3 million in total cash and cash equivalents, providing stability as housing investments and development projects continue to move forward.
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FNO continues building capacity for growth with the addition to the staff and have hired a Finance & Risk Analyst, Staff Attorney, and Controller—strengthening underwriting, compliance, and financial oversight functions.
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FNO has advanced to the final round of a Fannie Mae Innovation Challenge that could bring up to $1 million to support affordable housing production and small-scale rental development.
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Finance New Orleans reported strong financial stability in May, highlighted by the successful closing of a bond transaction that generated approximately $90,000 in fee revenue and will create ongoing annual revenue moving forward. #AffordableHousing #NewOrleans #PutHousingFirst
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Good afternoon, City Council’s Budget/Audit/Board of Review Committee Meeting is starting now.
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Now a Presentation by PFM Asset Management titled City of New Orleans Investment Policy Review.
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However, the 2025 end-of-year General Fund Consolidated balance is unaudited and subject to change with accruals. Additionally, projections on the General Fund Consolidated 2026 end-of-year balance cannot be made based on partial-year spending.
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