NORF 3 Opportunity Zone Fund LLC | Ryan Hodgins

NORF realized a great opportunity in the creation of an Opportunity Zone Fund to continue its mission in one of our core beliefs of investing in some of our most neglected communities across the Gulf South. As a demonstration of NORF’s commitment to these ideals, up to 50 percent of our properties already developed are currently located within recently designated Opportunity Zones. As further evidence to our commitment, New Orleans Redevelopment Fund was honored by the Louisiana Landmarks Society with the award of excellence in historic preservation for 2019.

After the continuing success of the New Orleans Redevelopment Fund’s (NORF) first two private equity real estate investment funds, the launch of the NORF 3 Opportunity Zone Fund will leverage NORF’s unique expertise investing in some of the Southeast’s most neglected communities. The fund will draw upon NORF’s extensive blighted property redevelopment experience utilizing historic and new market tax credits to optimize investor returns. NORF has identified and begun work on properties in markets including New Orleans, Baton Rouge, Houston, and San Antonio and will focus on additional areas of the Gulf South.

The New Orleans Redevelopment Fund (NORF) is one of Louisiana’s leading private developers revitalizing blighted neighborhoods while specializing in the adaptive re-use of historic buildings and urban infill. NORF has been one of the main catalysts of the rejuvenation of mid-city New Orleans.

By identifying strategic locations and properties, NORF seeks to maximize each project’s impact on the surrounding community while fulfilling its main objectives: contribute to blight eradication in New Orleans, improve the quality of the city’s housing stock, continuously build upon efficiencies provided through strategic relationships/partners, demonstrate that New Orleans is fertile ground for outside investment, and provide desired return to investors and stakeholders of projects.