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Recent UNO Study Looks at Market Value in the Lower 9th Ward

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Market Value in the Lower 9th Ward: Evaluating Reinvestment for the New Orleans Re-development Authority summarizes the findings of a University of New Orleans (UNO) course project – designed to answer the question: “What is market value in the Lower Ninth Ward?”

Completed in May 2012, the NORA Pilot Reinvestment Project (NPRP), under the direction of Dr. Michelle Thompson, first reviewed national housing market trends from last quarter of the year 2011. Next, the study provides an overview of the New Orleans Metropolitan real estate market, focusing on its population, traffic flow, and housing trends; including projections to the year 2016. The Lower Ninth Ward is then described in detail, highlighting its history, challenges, and the impact of hurricanes Katrina and Rita. A list of the current housing recovery efforts serving the Lower Ninth Ward are then presented.

The second part of this report includes the focus on a particular section of the Lower Ninth Ward neighborhood designated by NORA as a pilot area for redevelopment and economic investment. Download Market Value in the Lower 9th Ward.