NORA Owner-Occupied Affordable Housing Program

New Orleans Redevelopment Authority (NORA)

Active Home Repair

About This Program

NORA's Build Homes initiative advances residential neighborhood development through property auctions, affordable housing development partnerships, and direct homeownership programs. NORA sells properties at 10% of appraised value to developers who commit to affordable housing construction. The Lot Next Door program and Neighborhood Stabilization Program (NSP2) have created 425+ affordable housing units in New Orleans.

NORA programs primarily target homebuyers; improvement subsidies vary by specific offering. Contact NORA for current homeowner assistance programs.

Key Details

  • NORA sells affordable properties at 10% of appraised value
  • For households at or below 80% AMI (some up to 120% AMI)
  • Lot Next Door program prioritizes adjacent neighbors
  • NSP2 created 425+ affordable housing units in New Orleans
  • Contact NORA at (504) 658-4400 or noraworks.org

How to Apply

Visit Official Program Page Track this program

504-658-4400

Deadline: Ongoing; check noraworks.org for available properties

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