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.
Homeownership
We work with our homebuyer clients to become homebuyer-ready. Clients then obtain a mortgage through a trusted lender and often pair this mortgage with down payment assistance or other gap financing subsidies. In this way, SBP works to increase homeownership in a demographic that is traditionally excluded from the mortgage market.
To learn more or apply for a home, please contact:
Client Services Department
(504) 473-0525
buyahome@sbpusa.org
Our Homes For Sale
HOMES AVAILABLE NOW
List Price: $129,500. Buyer cannot exceed 80% AMI or an annual income of $37,750 for a household of one.
Features:
- 3 Bedroom, 2 Bath (1,332 sq ft)
- Appliances included
- Vinyl plank flooring
- Spacious front porch
List Price: $139,900. Buyer cannot exceed 120% AMI or an annual income of $59,160 for a household of one.
Features:
- 3 Bedroom, 2 Bathroom (1,150 sq ft)
- Open floor plan
- Granite Countertops
- Stainless steel appliances
HOMES COMING SOON
2349 Tennessee St.
2407 Tennessee St.
HOMES COMING SOON N PARTNERSHIP WITH THE NEW ORLEANS REDEVELOPMENT AUTHORITY (NORA)
- 5800 Pauline Dr
- 4830 Mithra St
- 6050 Madrid Ct
- 6308 Pauline Dr
- 5731 Providence Pl
Rentals
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- to moderate-income families. Our rental program works with applicants under 60% of the area median income ($29,580 for a 1-person household).
Our Rental Properties
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St. Peter Residential is a 50-unit, mixed-income, energy-efficient apartment community that is centrally located near Whole Foods, Lafitte Greenway and the VA Hospital. The St. Peter is Louisiana’s first net-zero energy affordable apartment building and offers one- and two-bedroom units, off-street parking, and community space. To join the waitlist for this development, please contact (504)-635-9333 or SBPRentals@sbpusa.org.
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St Claude Gardens. Register Now!
SBP is excited to announce its newest rental development project. In partnership with the New Orleans Redevelopment Authority, the City of New Orleans, and the Louisiana Housing Corporation, SBP is developing 60 new rental units on 30 lots scattered throughout the Lower Ninth Ward. The two- and three-bedroom homes will be built as doubles with off-street parking and energy-efficient appliances. The units will be made available to low- and moderate-income households making up to 60% of the area median income ($40,440 for a family of 4). Half the units will be prioritized for veterans. SBP is excited to continue to build healthy, safe, affordable homes that will bring people back to the Lower Ninth Ward neighborhood. To register for these rental units, please contact (504) 635-9333.
