Opportunity Housing Program

SBP’s Opportunity Housing Program creates homeownership and rental opportunities for residents of low to moderate income, while rehabilitating blighted properties and strengthening neighborhoods. We work with our homeownership clients to improve their credit scores and become homeownership-ready. Clients then obtain a mortgage through a trusted lender, while utilizing available governmental and subsidies. In this way, SBP works to increase homeownership in a demographic that is traditionally excluded from the mortgage market.

As home prices rise, affordable rentals are increasingly vital to the City of New Orleans. Through our rental units, we provide stable and safe housing options to low-moderate income families. Our rental program works with applicants under 80% AMI or a combined annual income of up to $37,750 for a household of two.

If interested in our Opportunity Housing program or to apply, please contact:

Client Services Department

(504) 644-4639
buyahome@sbpusa.org

SBP and NORA have partnered to provide an Opportunity Housing program that offers eligible homebuyers up to $35,000 in down payment and closing cost assistance, along with exceptional amenities such as stainless steel appliances and Star rated energy efficiency features such as: metal roofs, tankless water heaters and spray foam insulation.

Properties developed by SBP Real Estate can be paired with any down payment and closing cost assistance program available to eligible homebuyers (120% AMI - $63,000).