How to Acquire Blighted Properties (http://noraworks.org)

Overview
“Blighted” properties are those properties that have been declared vacant, uninhabitable, and hazardous by an administrative hearing officer. It is an official legal designation; and while there are many properties in New Orleans that are in a generally dilapidated state,, many of them are not considered legally blighted.

NORA is in the midst of aquiring blighted property. This requires completing an expropriation hearing. Once NORA has completed the hearing and complied with all applicable laws, NORA will make property available to interested purchasers. NORA anticipates having approximately 50 properties available for sale to qualified purchasers by the end of the month of February. Please see the link to our Current Redevelopment RFQ for furthur information and a better sense of what qualifications we will request from bidders and where these properties will be located. Submitting qualifications and expression of interest is the first step in participating in the eventual sale of properties. NORA anticipates that it will have considerably more blighted property available during the year. NORA has also been designated as the eventual recipient of the Road Home properties and its plan for these properties (and many public comments to this plan) are available at http://www.noraworks.org/downloads.htm

The link below lists properties available from the New Orleans Recovery Authority.     It is a great time to live in New Orleans.    Opportunity abounds!

The Request For Proposals is designed to draw proposals from individuals, small entrepreneurs and larger entities interested in purchasing property to support redevelopment within the neighborhood.  

This entry was posted on Sunday, June 21st, 2009 at 6:42 am and is filed under Announcements. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.