Name

New Orleans Redevelopment Authority

Legal name

New Orleans Redevelopment Authority

Website

https://noraworks.org

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Urban Redevelopment

NAICS

Administration of Housing Programs (925110)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Intergovernmental Affairs & Federal Grants Administration (BPAIAAAC)

Keywords

• Urban redevelopment services
• Affordable housing programs
• Land banking management
• Commercial corridor revitalization
• Neighborhood stabilization programs

Headquarters

HQ city

New Orleans

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Government Grants and Allocations: NORA receives funding from federal sources (HUD), state sources (Louisiana Economic Development), and city allocations including bond proceeds to administer housing trust funds, disaster recovery programs, and infrastructure projects.
2. Property Sales and Disposition Revenue: NORA generates revenue through annual property auctions, Lot Next Door sales, and developer property transfers. Properties are sold at market rate, fair market value, or discounted rates in exchange for affordable housing commitments.
3. Program Income: Revenue generated from program activities including loan repayments, grant recaptures, and fees from programs like Façade Renew, Small Business Marketing Assistance, and Food Business Microgrant Program.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels7 records

Core offering

NORA is a public redevelopment authority that functions as the City of New Orleans' landbank, managing a portfolio of thousands of vacant and blighted properties. It administers affordable housing development, commercial corridor revitalization, and green infrastructure programs through grant funding, property disposition (auctions, Lot Next Door, RFPs), and partnerships with developers, small businesses, and community organizations. Revenue comes primarily from federal, state, and city government allocations.

Product overview

NORA operates as a platform of interconnected community development programs organized under three strategic pillars: Build Homes (affordable housing development), Enhance Corridors (commercial revitalization), and Strengthen Neighborhoods (catalytic redevelopment). The organization functions as both a landbank managing vacant properties and a grant administrator distributing federal and city funding. Key programs include the Lot Next Door property disposition program, NORA Auction for market-rate development, Neighborhood Stabilization Program (NSP2), Early Childhood Education Facilities Fund grants, Façade RENEW Plus facade improvement grants, Food Business Microgrant Program, NORA Green green infrastructure initiative, and major redevelopment projects including Esplanade Delille Apartments and the Six Flags/Jazzland site. NORA also administers the Housing Trust Fund for ongoing affordable housing support and partners with NOLA Public Schools for school building redevelopment.

Differentiator

Problem solved

Functional benefit

Products and services

• Build Homes Program

Quantifiable outcome

• 5,000+ properties returned to commerce since founding
• +3 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

15 partnerships are on record, tiered major, core, standard and flagship.

• Travelers Aid Society of New OrleansmajorStrategic or Co-development Partner · 1 December 2025Development partner with HRI Communities selected by NORA for Tulane Avenue non-congregate housing development across seven vacant properties. Project funded by $9.4M+ HOME-ARP program to serve individuals and families experiencing homelessness.
• City of New OrleanscoreStrategic or Co-development Partner · 11 August 2025Multiple Cooperative Endeavor Agreements between NORA and City of New Orleans including: $5M for Six Flags/Jazzland redevelopment ($1M within 45 days, $4M in January 2026); $4.85M for Food Business Incubator Hub; administration of Housing Trust Fund; HOME-ARP funding ($9.4M+) for Tulane Avenue non-congregate shelter; Strategic Redevelopment Framework for City-owned properties.
• People's Housing+standardStrategic or Co-development Partner · 1 April 2025Developer awarded properties through NORA's New Orleans Housing Investment Program (NOHIP) to develop affordable single-family homes in Central City, 7th Ward, and New Orleans East.
• CNTRD GroupstandardStrategic or Co-development Partner · 1 April 2025Developer awarded properties through NOHIP program for affordable single-family home development.
• DG PropertiesstandardStrategic or Co-development Partner · 1 April 2025Developer awarded properties through NOHIP program for affordable single-family home development.
• Xavior EstatesstandardStrategic or Co-development Partner · 1 April 2025Developer awarded properties through NOHIP program for affordable single-family home development.
• Early Childhood Education Facilities (Recipients)standardOthers · 1 April 2025Two early childhood education facilities in Lower Garden District and Holy Cross approved for $250,000 grants each through ECE Facilities Fund Grant Program.
• Orleans Parish School Board (OPSB)coreStrategic or Co-development Partner · 1 January 2025Cooperative Endeavor Agreement for redevelopment of vacant OPSB-owned properties not suitable for school use. NORA develops RFPs and recommends development partners for OPSB selection. Current projects include Israel Augustine School (425 S. Broad Street) and Valena C. Jones School (1901 N. Galvez Street) for potential affordable housing, community services, and educational initiatives.
• Finance Authority of New Orleans (FANO)coreStrategic or Co-development Partner · 1 November 2024Partnership for administration of the Housing Trust Fund established by voters in November 2024 election. Cooperative Endeavor Agreement between NORA, City of New Orleans, and FANO to provide ongoing annual funding for affordable housing programs and projects citywide.
• AndAccessstandardStrategic or Co-development Partner · 1 January 2024Conducted St. Claude Avenue Corridor Retail Study including community focus groups, walkshops, grocery receipt collection, and retail needs survey to identify opportunities for grocery store development and retail property acquisition in Lower 9th Ward.
• Sewerage and Water Board of New OrleansstandardStrategic or Co-development Partner · 1 January 2024Collaboration on neighborhood-scale stormwater management projects in Pontilly, Oak Park, and Broadmoor as part of NORA Green program.
• Bayou PhoenixflagshipStrategic or Co-development Partner · 11 August 2023Bayou Phoenix was selected as master developer for the former Six Flags/Jazzland site through a competitive RFQ/RFP process. NORA acquired approximately 230 acres of the site in 2023. Bayou Phoenix is developing 165 acres under an approved Master Plan for film/television studio, youth sports facilities, hotels, entertainment venues, and water park. NORA approved FastSites funding application for the remaining 65-acre transportation hub portion.
• HRI CommunitiesflagshipStrategic or Co-development Partner · 1 January 2023Selected by NORA in March 2023 as co-developer (with NORP) for Esplanade Delille Apartments at 1141 Esplanade Avenue. 50-unit mixed-income, mixed-use development with 37 affordable units at 60% AMI and 2 retail spaces totaling 2,650 SF. Financial closing December 2025, construction beginning Spring 2027.
• New Orleans Restoration Properties (NORP)flagshipStrategic or Co-development Partner · 1 January 2023Co-developer with HRI Communities for Esplanade Delille Apartments and St. Bernard Circle Apartments ($22M mixed-use, mixed-income development in 7th Ward with 51 apartments). NORA partner in returning blighted properties to productive use.
• Agenda for ChildrencoreStrategic or Co-development Partner · 1 January 2022Partnership created through voter-approved property tax millage in 2022. Agenda for Children selected NORA to administer the Early Childhood Education Facilities Fund Grant Program to repair, expand, and develop new Type III Early Learning Centers and Family Child Care sites for Low-to-Moderate Income households in Orleans Parish.

Scale indicators27 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Detroit Land Bank Authority: Municipal land bank operating in Detroit since 2014 to acquire, manage, and dispose of tax-foreclosed and blighted properties; most analogous peer to NORA in scale of property portfolio and post-crisis redevelopment mandate.
• Cuyahoga County Land Bank: County-level land bank in Cleveland/Cuyahoga County, OH acquiring and demolishing or rehabbing vacant properties; comparable to NORA in its focus on property disposition, demolition, and side-lot programs.
• Genesee County Land Bank: One of the oldest county land banks in the U.S. (est. 2002), operating in Flint, MI; closely comparable to NORA's blight-focused mandate in a post-industrial, post-disaster context.
• Cook County Land Bank Authority: Large metropolitan land bank serving Cook County (Chicago); comparable to NORA in scale and program breadth across affordable housing, demolition, and side-lot disposition.
• Fulton County/City of Atlanta Land Bank: Joint city-county land bank in Atlanta targeting blighted and vacant properties; comparable to NORA in its affordable housing disposition focus and developer partnership model.
• Philadelphia Land Bank: City of Philadelphia land bank created in 2015 to consolidate vacant property inventory; comparable to NORA in urban landbank mandate and disposition-to-developer pipeline.
• St. Louis Land Reutilization Authority: City of St. Louis land bank acquiring tax-foreclosed properties for redevelopment; closely mirrors NORA's urban-core blight and disposition mandate.
• Pittsburgh Urban Redevelopment Authority: Long-standing municipal redevelopment authority (est. 1946) managing urban real estate development and disposition; comparable to NORA's redevelopment authority structure and developer partnership approach.
• Houston Land Bank: City of Houston land bank targeting vacant, abandoned, and tax-delinquent properties; comparable to NORA's affordable housing and side-lot programs in a large Southern city context.

Broad incumbents

• Baltimore City Department of Housing & Community Development: City-level housing and community development agency in Baltimore operating property disposition, code enforcement, and affordable housing programs; comparable to NORA's broader community development mandate but as a general-purpose housing department rather than dedicated land bank.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/norarevitalizes
• Facebookfacebook.com/NORA.RENEW

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Orleans Redevelopment Authority