New Orleans Community Development Fund

New Orleans LA


New Orleans Community Development Fund (NOCDF) is a start-up housing loan fund that was created in conjunction with a number of local partners including Hibernia Bank, the New Orleans office of Local Initiatives Support Corporation, the City of New Orleans, Fannie Mae, and a number of other local community development organizations. NOCDF will provide a mix of predevelopment, acquisition, construction, and other gap financing to community development corporations throughout the City of New Orleans that are engaged in the development and/or rehabilitation of affordable housing. Such financing is expected to help catalyze additional private investment in many of the City"s poorer communities.

CDFI Awards for New Orleans Community Development Fund


FA (2007) - $175,929

Community Development Capital is a certified CDFI. Its target market includes areas directly affected by Hurricane Katrina. Community Development Capital will use its FY07 FA award to build its net assets, leveraging public and private investments, in order to increase loans to small developers rebuilding after Katrina. The TA award will be used to increase the capacity the organization and improve its management information systems.



CORE (2000) - $530,000

The CDFI Fund"s $530,000 award ($50,000 capital grant, $450,000 loan, and $30,000 technical assistance grant) will help capitalize NOCDF"s loan fund and enable it to begin addressing some of the City"s unmet affordable housing needs.



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