Affordable Housing & Land Stewardship
AFFORDABLE HOUSING & LAND STEWARDSHIP.
JPNSI’s Affordable Housing & Land Stewardship Program will include shared equity homeownership opportunities, affordable rentals and property management, cooperative housing, and sustainable real estate development to meet the housing needs of residents most vulnerable to housing discrimination, displacement, and neighborhood planning exclusion.
In April 2015, JPNSI launched its 2739 Palmyra project. Along with development consultant Alembic Community Development and partners including the City of New Orleans, Crescent City Community Land Trust, MetroStudio, Enterprise Community Development, and early support from Tulane City Center, the organization will rehabilitate an historic apartment building located at 2739 Palmyra Street into 4-units of permanently affordable rental housing. This historic 1910-era building is designed in the Spanish Colonial style and formerly served as the Nolde Furniture Store prior to its conversion into multi-family residential use in the 1920s. It is a raised two-story structure that is secure and maintained, but has not been gutted since Katrina. This project is made possible through the support of City of New Orleans HOME funds and Crescent City Community Land Trust with the financial support of the Ford Foundation. The unit mix will include three-bedroom apartments ranging between 875-940 square feet. The project will meet Green Communities standards, with an emphasis on low-cost energy efficiency measures and appliances that work to minimize operating and utility expenses for residents. It will be ready for occupancy in early Fall 2015.