the NHP Foundation Provides
New Orleans NEW Homes


Walnut Square
A Hurricane Katrina
Recovery Story



Walnut Squareconsisting of 209 units, in New Orleans, Louisianawas completely destroyed by Hurricane Katrina, in 2006. NHPF undertook new construction, rebuilding on the former site, and making it possible for residents to return home to safe, attractive, and affordable homes.

The Walnut Square property includes an on-site community center that provides residents a business office, full fitness center, computer lab, and an array of education, health, civic education, and financial literacy programs. All residents, from children through seniors, are part of an active, welcoming community committed to healthy lifestyles, personal development, and civic participation.

Total cost
$ 39,515,049

Description
This mixed-income property has 66 market rate units, 59 work force units, 42 units at or below 60% AMI, 21 units at or below 30% AMI, and 21 units at or below 20% AMI.

Financing
Secured financing and funding for this project included: back to redevelopment
NHPF’s diverse income and rent structure provides housing for a range of households from low to moderate income. Notwithstanding income levels, the same level of amenities and access to our services is offered to all residents.

Walnut Square is just one example of how NHPF’s commitment to affordable housing has brought New Orleans residents back home again.

For more information on NHPF please visit:
http://nhpfoundation.org/properties.php.