Sustainable Developer Program Overview
The Sustainable Developer Program was developed to provide tax-exempt bond financing, property tax exemptions, and green financing to increase the supply of sustainable, resilient, and affordable housing in New Orleans. FNO’s Sustainable Developer products provide the City of New Orleans and Finance New Orleans with greater local control over affordable housing development, in alignment with FNO’s mission to “improve the quality of life in the city of New Orleans by investing in affordable housing, economic development, and climate resiliency projects that produce quality jobs and wealth for residents.”
Learn more about our financial products for multifamily developers below!
Affordable Multifamily Development Payment In Lieu of Taxes (PILOT)
In December 2024, the FNO Board of Trustees approved a revised pricing structure for Affordable Multifamily Housing Developments.
FNO Updated Pricing Guide as of January 2025:
Want to test out the Affordable Multifamily Development PILOT for your development?
Download this form and follow the instructions at the top of the page.
Applicability: The pricing for Affordable Multifamily Development PILOTs are in effect as of January 6, 2025. Developments that submitted a complete application and made payments to FNO prior to January 2025 are “grandfathered” into previous PILOT pricing structure.
Eligibility: This pricing applies to new affordable housing developments seeking a PILOT.
Definitions: For the purpose of FNO’s PILOT program, “affordable housing development” is defined as a multifamily or scattered site development of 5 or more units, of which at least 30% are affordable to rental households earning 60% Area Median Income or less.
