NEW ORLEANS — The City of New Orleans today announced that HRI Communities and New Orleans Restoration Properties are moving forward with the development of the future St. Bernard Circle Apartments located at 1431 St. Bernard Ave. in the 7th Ward to create more affordable housing units. Construction is set to begin immediately and will be overseen by Landis Construction Co., LLC.
The $22 million project includes the development of an entirely new apartment community on property identified as an important “development node” by the New Orleans Redevelopment Authority (NORA), the Housing Authority of New Orleans (HANO) and the City due to its location across from the historic Circle Food Store.
“One of the biggest challenges facing our residents and those across the nation is having access to affordable housing,” said Mayor LaToya Cantrell. “Throughout the pandemic, and as we continue to deal with its lasting impacts, my administration and partners are aggressively working to ensure all New Orleanians are provided with opportunities for reliable, sustainable and affordable housing. The Office of Housing Policy and Community Development is continuing these efforts through a $41 million investment in City subsidies that will fund 14 housing construction projects, as well as $32 million from various funding sources that will go toward development gap financing. This groundbreaking ceremony represents a major win for the 7th Ward/Treme communities and is a testament to our commitment to revitalize and reenergize our neighborhoods. I am grateful to HRI Communities and New Orleans Restoration Properties for prioritizing this new development and in delivering more stable housing options for our people.”
Read the full nola.gov piece: https://nola.gov/next/mayors-office/news/articles/october-2023/2023-10-24-st-bernard-circle-apartments/
