New Orleans Launches Soft Second Home Mortgage Program to Support Neighborhood Revitalization Efforts

摘要

New Orleans Mayor Mitch Landrieu has announced a $52.3 million soft second mortgage initiative to provide assistance to first-time low- and moderate-income home buyers. The state of Louisiana is financing the initiative from community development block grant funds provided for relief from Hurricanes Katrina and Rita. The initiative will include a direct home buyer assistance program and an affordable home development program.