FOR IMMEDIATE RELEASE
February 18, 2013
Media Contact: Jasmine J. Haralson
Director of External Affairs
NEW ORLEANS, LA – The Board of Commissioners is pleased to announce that NORA has successfully met the requirements of the 3-year Federal Recovery Act NSP2 program. NORA was awarded $29.7 million from the Department of Housing and Urban Development in February 2010 and had to meet a congressionally mandated spend-down deadline of February 11, 2013. NORA teamed with 14 consortium members city-wide to implement the program.
NORA’s staff will present the final figures during February’s Board Meeting at 6:00 this evening at NORA’s offices. Consortium members will also attend to share in this great achievement and to discuss the positive impact it’s having on the City of New Orleans and its neighborhoods.
“The Board and I are very proud of the magnificent work that the staff and the consortium members performed in successfully executing the goals of the NSP2 Program,” said Chairman Jim Singleton.
“We committed to rebuild New Orleans into the city we dreamed it could be. The housing built as a result of the NSP2 program is one more step towards that goal. I applaud the NORA leadership for successfully implementing a program that will have a lasting impact on the community,” said Mayor Mitch Landrieu.
“We have worked incredibly hard to implement this program. Our staff, consortium members and our technical assistance team from Enterprise Community Partners has done an outstanding job in delivering these federal resources to the neighborhoods of New Orleans,” said Jeff Hebert, NORA’s Executive Director.
The Neighborhood Stabilization Program 2 (NSP2) was established to stabilize neighborhoods whose viability has been and continues to be damaged by the economic effects of properties that have been foreclosed upon and abandoned. NSP2, a term that references the NSP funds authorized by Title XII of Division A of the American Recovery and Reinvestment Act of 2009, (the Recovery Act) provides grants to states, local governments, nonprofits and a consortium of public and/or private nonprofit entities on a competitive basis. NORA’s application was approved based on the many properties that were affected by Hurricanes Katrina & Rita in addition to the primary requirements of the program.