For the last 40 years, Finance New Orleans has served as New Orleans’ Housing Finance Agency. The impact of multiple natural disasters, economic challenges, and an ongoing pandemic have created a need for financial solutions that will lead to the physical transformation of New Orleans. Accordingly, in 2017 the City of New Orleans further empowered Finance New Orleans to become the City’s official green bank. As New Orleans’ green bank, they are financing resilient Infrastructure projects that will create environmental, economic, and social impact.
Finance New Orleans’s core service areas are sustainable homeownership, sustainable development, resilient infrastructure, and resilient innovation. They provide financial solutions to create access to sustainable and affordable housing opportunities for homebuyers, including green mortgages for first-time homebuyers, green mortgages for existing homeowners, and green home improvement loans for all homeowners. They also provide affordable housing developers with tax-exempt bonds, property tax exemptions, green infrastructure bonds, and solar financing. And they provide businesses and institutions with loans for green building upgrades, solar financing, green infrastructure and manufacturing bonds, and financing for nature-based solutions.
Through the Resilient New Orleans Finance Plan, Finance New Orleans will provide capital for pre-development loans for resilient infrastructure and development projects, equity capital for sustainability-focused startups and projects, and credit enhancements for innovative infrastructure projects.