This program is administered by Finance New Orleans
Who It's For
Developers of small multifamily properties in New Orleans
Program Overview
The Small Multifamily Construction Program supports the development and substantial rehabilitation of small multifamily properties to increase the supply of quality, resilient, affordable rental housing and owner-occupied rentals.
SMART Loans ensures developers can access financing to support long-term, deeply affordable rentals and homeownership opportunities in high-opportunity neighborhoods. It also encourages long-term investments that strengthen communities, support housing affordability, and improve neighborhood stability across the city.
When Available
Notice is hereby given that Finance New Orleans is seeking applications from qualified developers for participation in the Small Multifamily Affordable, Resilient, Transformational (SMART) Loan Program for the development of affordable rental and mixed-tenure homes with 2-4 units.
As of Monday, August 31st, the application deadline is extended to Friday, September 18th no later than 4 p.m. All applications must be submitted electronically. Applications submitted after the extended deadline will not be considered. Applicants must express their intent to apply via email to gain access to the submission portal in SharePoint, per instructions provided in the SMART Loan Application.
RFA & Application Documents
Please use this link to access application materials and any updates on the program, dates, or application: https://financenola.org/htf-smart-loan/
Key Dates