NORA & The City of New Orleans form innovative redevelopment partnership to facilitate redevelopment of city-owned properties for affordable housing and economic development

The City of New Orleans and the New Orleans Redevelopment Authority form innovative redevelopment partnership to facilitate the redevelopment of city-owned properties for affordable housing and economic development. NORA will act as long-term ground lessor to administer the redevelopment process of city-owned properties in public-private partnerships with private developers. Megan Riess represented NORA on City partnership and the redevelopment transactions. 

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NORA partners with the City of New Orleans, the Industrial Development Board of New Orleans, and Bayou Phoenix developer, to redevelop former Six Flags Site in New Orleans East

NORA partners with the City of New Orleans, the Industrial Development Board of New Orleans and Bayou Phoenix developer to redevelop the former Six Flags Site in the New Orleans East neighborhood.  NORA will administer the development agreement with Bayou Phoenix and act as long term ground lessor to the private developer. Megan Riess served as representation for NORA.

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Longwell Riess Client - AMCREF Community Capital -partners with Capital One to provide $13 million of NMTC financing to Impact Housing

Longwell Riess client AMCREF Community Capital partners with Capital One to provide $13 million of new markets tax credits financing to Impact Housing.  The financing will be used to equip and operate a facility in Baxley, Georgia for the manufacture of modular housing units for sale and assembly in Georgia, Florida, and surrounding states. Longwell Riess attorneys Megan Riess and Chris Wootten represented AMCREF in the transaction. 

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