Impact Investing
Harmony Oaks Apartments, New Orleans, LA

After Hurricane Katrina, the Harmony Oaks site was identified by the Department of Housing and Urban Development as a major public priority for redevelopment.

Originally built in 1941, the complex was one of the four largest public housing communities in New Orleans, but it contained no amenities for residents and was not integrated into the street grid.

Goldman Sachs committed $61.2 million in financing to support the rebuilding effort. The new project was designed in close consultation with residents and contains buildings in several classic ‘New Orleans’ styles. There is also a community center, pool, childcare facility and adult education and employment training center.