DU & ASSOCIATES, INC.
Your Partner for Innovative Housing Solutions
Housing Authority of New Orleans
D&A subcontracted with CohnReznick to assist the Housing Authority of New Orleans (HANO) in the redevelopment of four housing projects which consisted of 4,000 public housing units in the years prior to Hurricane Katrina’s devastation of New Orleans.
A team of subject matter experts conducted financial, physical, and market rent assessments from which a complex financing strategy for each property was developed and implemented. In aggregate, the funding of these properties entailed obtaining and closing on over $300 million in low-income housing tax credit equity, over $100 million in Community Development Block Grants (CDBG) funds, and over $150 million in other federal funds and other sources of financing or equity.