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BOARD OF COMMISSIONERS MEETING JULY 16, 2012

BOARD OF COMMISSIONERS MEETING JULY 16, 2012. EXECUTIVE DIRECTOR’S REPORT. Presentation to the Board Jeff Hebert, Executive Director July 16, 2012. Neighborhood Stabilization Program. 3. Neighborhood Stabilization Program. * Entire allocation expended. 4.

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BOARD OF COMMISSIONERS MEETING JULY 16, 2012

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  1. BOARD OF COMMISSIONERS MEETINGJULY 16, 2012

  2. EXECUTIVE DIRECTOR’S REPORT

    Presentation to the Board Jeff Hebert, Executive Director July 16, 2012
  3. Neighborhood Stabilization Program 3
  4. Neighborhood Stabilization Program * Entire allocation expended 4
  5. Neighborhood Stabilization Program 5
  6. Neighborhood Stabilization Program 6
  7. Land Management Division Four party CEA between Louisiana Office of Community Development (OCD), Louisiana Land Trust (LLT), City of New Orleans, and NORA executed Final negotiation with lot maintenance contractors begun Negotiation to reduce vacant property insurance costs under way Transfer of program income complete Title transfers for all remaining properties being processed Majority of staff in place 7
  8. Other State-funded Programs Cleared years-old roadblock on payment Began receiving old reimbursements from State Created streamlined process for future reimbursements without delay 8
  9. Headquarters: Exterior 9
  10. Headquarters: Second Floor 10
  11. Headquarters: Second Floor 11
  12. Headquarters: Third Floor 12
  13. Headquarters: Third Floor 13
  14. Headquarters: Fourth Floor 14
  15. Headquarters: Fourth Floor 15
  16. Headquarters: Fourth Floor 16
  17. Staff Updates Lammie Hanson Receptionist Melissa Lee Senior Advisor – Commercial Revitalization Kristyna Jones Director of Pre-DevelopmentServices 17

  18. BOARD OF COMMISSIONERS MEETINGJULY 16, 2012

  19. LAND ASSEMBLY AND DISPOSITION COMMITTEE REPORT

    Presentation to the Board of Commissioners Kevin Hanna, Director of Real Estate July 16, 2012
  20. Myrtle Banks Proposed > > Existing 1307 Oretha Castle Haley Boulevard $11,800,000 Total Development Cost $750,000 Proposed NORA Investment (6.4% of TDC) {26,170 square feet of retail } {11,775 square feet of office} {37,945 square feet total} 20
  21. Gert Town Proposal by Gulf Coast Housing Partnership (GCHP) and Gert Town Enterprise Economic Redevelopment (GTEER) $4,764,012 Total Development Cost $105,700 Proposed NORA Investment (2.4% of TDC)1 13 scattered sites within Gert Town neighborhood 24 Two bedroom units 2 One bedroom units 26 Total units Partnership will apply for Low Income Housing Tax Credits and all units would be leased to tenants at or below 60% Area Median Income 1 Appraised value of ten (10) NORA properties Locations of NORA properties for proposed development 21

  22. BOARD OF COMMISSIONERS MEETINGJULY 16, 2012

  23. MARKETING COMMITTEE REPORT

    Presentation to the Board of Commissioners Jasmine Haralson, Director of External Affairs July 16, 2012
  24. Upcoming Events: Broadmoor Ribbon Cutting 3312 & 3320 Toledano Street Thursday, July 19th, 2012 4:30pm RSVP: Jennifer@broadmoorcorp.com or 504-309-2571 24
  25. Upcoming Events: Dedication of the Franz Building 2016 -2030 Oretha Castle Haley Blvd. Tuesday, August 7th, 2012 4:00pm - 6:00pm RSVP: daniel@goodworknetwork.org 25

  26. BOARD OF COMMISSIONERS MEETINGJULY 16, 2012

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