HRI Properties

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HRI Properties Historic Property Development in
the GO Zone March 2007 Hal Fairbanks 504-679-506
8 hfairbanks_at_hriproperties.com
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Built as the first private black hospital in the
City of New Orleans, the building is rich with
the history of medical care, and professional
development in the black community. New Orleans
first three black mayors were born at Flint
Goodridge. 93 apartments now fill the rooms and
wards. The project was badly damaged by Hurricane
Katrina however it is now being renovated and
returned to service as affordable senior housing.
Sources
First Mortgage 600,000
LIHTC Equity 9,979,000
Historic Tax Credit Equity 2,909,000
TDC 13,488,000
Flint Goodridge Elderly Apartments New Orleans,
LA
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This project will rehabilitate three historic
buildings that were once part of the Redemptorist
seminary. The property had previously been
converted into 107 apartments for the low-income
elderly, but was damaged by Hurricane Katrina.
Located in the Lower Garden District, the project
abuts River Garden, HRI Properties HOPE VI
redevelopment, and offers convenient access to
transportation, shopping, and public services.
Sources
First Mortgage 997,000
LIHTC Equity 11,340,000
Historic Tax Credit Equity 3,663,000
TDC 16,000,000
Redemptorist Elderly Apartments New Orleans, LA
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This phase of HRI Properties HOPE VI, River
Garden project will adaptively reuse historic
buildings that were retained at the former public
housing development, creating 37 new mixed-income
apartments.
Sources
First Mortgage 680,000
LIHTC Equity 6,838,000
Historic Tax Credit Equity 2,210,000
TDC 9,728,000
River Garden Historic Apartments New Orleans, LA
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Sources
CDBG Loan 957,000
LIHTC Equity 7,879,000
Historic Tax Credit Equity 2,241,000
Lot Sale 160,000
TDC 11,237,000
The Bywater Art Lofts project will rehabilitate a
historic warehouse in the Bywater neighborhood
into 37 affordable apartments, marketed to
artists.
Bywater Art Lofts New Orleans, LA
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KING EDWARD HOTEL STANDARD LIFE BUILDING,
JACKSON, MISSISSIPPI
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THREEFOOT BUILDING, MERIDIAN, MISSISSIPPI
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VA HOSPITAL, GULFPORT, MISSISSIPPI
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HRI Properties Historic Property Development in
the GO Zone March 2007 Hal Fairbanks 504-679-506
8 hfairbanks_at_hriproperties.com