Impact Investing
Lafitte Redevelopment, New Orleans, LA

Hurricane Katrina destroyed the Lafitte public housing complex in 2005. Goldman Sachs committed $60.5 million to redevelop the area, which was identified by Federal, State and local officials as a major public priority in the city’s rebuilding effort.

The rebuilt housing complex, located in the historic neighborhood of Tremé, is an important milestone in the city’s ongoing renewal with 517 housing units, all of which are fully occupied. Residents displaced by the flooding were given priority for these homes, as well as for the 295 rebuilt homes in the surrounding neighborhood. Those returnees now occupy 59% of the neighborhood’s 812 units.