In collaboration with the Jane Place Neighborhood Sustainability Initiative (JPNSI), Crescent City has officially launched its first project — the historic redevelopment of 2739 Palmyra Street. Crescent City and JPNSI are working in partnership with the Tulane City Center and Alembic Community Development. Click here for the full press release.
This work highlights Crescent City’s role as a bridge for the long-term, sustainable renewal of New Orleans. With 2739 Palmyra, Crescent City is providing financial support through a predevelopment grant fortified by City of New Orleans HOME dollars and state and federal historic tax credits. Upon completion, JPNSI will continue to own the building, ensuring quality property and financial management. Within its role, Crescent City will deliver technical and stewardship support, both of which will help future residents of 2739 Palmyra and JPNSI to be successful in the long-term. Wholly unique, Crescent City is one of the first organizations of its kind nationwide and is the only organization doing so across the categories of affordable housing, enterprise development and vacant land use.