• Fortified NOLA Gap Funding Program Gap funding program for participants of the Louisiana Department of Insurance Fortified roof replacement program #PutHousingFirst

•Land Disposition Lot Next Door Auctions Housing Opportunities Non-Housing Development Opportunities (Urban garden and other green spaces) #PutHousingFirst

NORA will name their Programs under each Goal. BUILD HOMES • Double Up Duplex Homeownership (Central City) • New Orleans Housing Program Investment Construction Funding & Subsidy (N.O. East, Central City and 7th Ward) #PutHousingFirst

STRENGTHEN NBHDS Repurpose and transform large-scale, high-opportunity, and publicly owned sites #PutHousingFirst

ENHANCE CORRIDORS • Reduce vacancy and blight along key commercial corridors • Improve commercial building exteriors and climate change adaptation along key commercial corridors • Support community economic development along key commercial corridors #PutHousingFirst

BUILD HOMES • Leverage NORA assets to return property to commerce, create new housing revenue to support investment in future programs #PutHousingFirst

Review of 2026 Goals BUILD HOMES • Increase access to affordable homeownership opportunities that build generational wealth and decrease household and community cost burdens associated with climate change #PutHousingFirst

Now we will hear from one of the Joint Housing Trust Fund administrators, NORA (New Orleans Redevelopment Authority). #PutHousingFirst

Council members asked a few questions about expenses cost rising. It was noted the NOBC does not receive General Fund dollars. There were then dismissed. #PutHousingFirst

There is a -$15,073,461 variance EXPLANATION OF VARIANCE Personal Services • Incentive Pay was budgeted in 2026 Other Operating • NOBC sold 9 years of Caesars ground lease rent in 2026 to raise over $100 million for city reserves. CNO will not receive Caesars rent in 2027

2026 Budget Summary and 2027 Budget Request OTHER FUNDING HERE NOBC does not receive General Fund dollars. Expenses are paid from NOBC's self-generated revenue. #PutHousingFirst

NOBC Goals for 2027 (cont.) • Municipal Complex Advisory Committee Complete facilitation of MCAC 10-meeting series and associated public listening sessions and facilitate submission of recommendations report. #PutHousingFirst

NOBC Goals for 2027 (cont.) • French Quarter Hyatt Centric Garage Commence design on the Envelope Project to seal and protect building • Financial Administration Implement a new accounting system to automate current manual processes

NOBC Goals for 2027 • Union Passenger Terminal - Canopies and Platforms Commence work for the Canopy and Platform Improvement Project using FRA grant funds; Complete project to remove unused aerialcabling above train canopies and replace lighting on the train platforms

Additional 2026 Projects • Caesars Ground Lease Rent Strip Sale • West End Parking Lot Redevelopment Effort • John Churchill Chase Street Disposition • City Procurement of Real Estate Services • City Owned Real Estate Team • Municipal Complex Advisory Committee Process

Review of 2026 Department Goals (cont.) • Riverwalk and Spanish Plaza Continue to support tenant in plans for the activation of Spanish Plaza •Continue property assessments of all properties to identify deferred maintenance issues and plan for needed repairs and replacements

Review of 2026 Goals cont. • 4317 Magazine Street (Former Second District Police Station) Site redevelopment • DH Holmes Garage Working with our tenant to continue building maintenance and make necessary upgrades, and to facilitate envelope repair project #PutHousingFirst

Review of 2026 Goals • Aerial Project to remove unused cable above train canopies and replace lighting on the train platforms • Completion of Phase Two of Parking Renovation Project to facilitate traffic flow and add ADA parking features to horseshoe areas #PutHousingFirst

The first presentation will be New Orleans Building Corporation. #PutHousingFirst