A $651 million redevelopment of the Iberville public-housing complex will be paid for with loans from the state, government-backed bonds and money from selling low-income housing tax credits, Housing Authority of New Orleans plans show. First submitted to the U.S. Department of Housing and Urban Development in the fall as part of an application for a federal Choice Neighborhoods grant, these plans gained new relevance Wednesday when HANO chief David Gilmore gave a first unequivocal commitment to redeveloping Iberville whether or not the federal government provides the sought-after $62 million grant.
The Housing Authority of New Orleans today selected a proposed partnership between prominent local developer and a national company to lead efforts to redevelop the Iberville public housing development on the fringe of the French Quarter. The partnership is between HRI Properties and McCormack Baron Salazar.
A day before the first public meeting on a proposed redevelopment of the Iberville public housing complex, Mayor Mitch Landrieu endorsed the concept of a sweeping transformation of the Treme neighborhood. He told an audience at an affordable-housing conference today that Iberville’s proximity to streetcar lines, the French Quarter and the city’s medical district make it an ideal site for redevelopment.