Terri North Establishes Providence Community Housing and Secures Major Redevelopment…
What happened
Terri North and three partners formed Providence Community Housing. The organization took over management of Christopher Homes, a portfolio of apartments for low-income seniors belonging to the Archdiocese of New Orleans. Providence also secured financing for the $111 million Rivana Apartments project in the River District, which is scheduled for completion by 2028.
From nola.com
Why it matters
Providence Community Housing is involved in large-scale housing redevelopment, including a $250 million project at the former Lafitte public housing complex. Terri North noted that rising interest rates and inflation are making the job of housing development more difficult.
From nola.com
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- NorthSpeculative
Housing developers might face increased costs due to rising interest rates and inflation, as noted by Terri North.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Providence housing development may require city council tax approvalProvidence housing development may require city council tax approvalLikely
- Providence housing projects may influence Allianz Trade's lending portfolioProvidence housing projects may influence Allianz Trade's lending portfolioPossible