Eighty-nine apartments in the Faubourg Lafitte will be set aside as market rate rentals instead of homes for sale under a slightly revised plan approved by the Housing Authority of New Orleans. In a meeting Tuesday, HANO’s one-man board, administrative receiver David Gilmore, approved a financial restructuring plan for Faubourg Lafitte and adopted the agency’s Fiscal 2013 budget of $323 million. Also approved was a lease arrangement for solar panels at a seniors building in Gentilly and a plan for selling a $5 million building for the upcoming Iberville redevelopment. Because of the anticipated restructuring, the Faubourg Lafitte’s developers — Providence Community Housing, Enterprise Community Partners and L+M Development Partners — will now be able to complete all of the 517 units they’d planned for the site of the former Lafitte public-housing development, one of the so-called “Big Four” complexes demolished a few years after Hurricane Katrina.
The Affordable Housing Report daily "Twitter paper" on Paper.li. Super cool.