Broadmoor Development Corporation

Real EstateLouisiana, United States0-1 Employees

The Broadmoor Development Corporation (BDC), seeks to enhance the economic well-being of the Broadmoor neighborhood of New Orleans. Accordingly, the goal of the BDC’s current holistic programmatic initiatives is to create a sustainable, healthy and diverse neighborhood by using a block-tipping strategy to eradicate blight and promote private investment in Broadmoor. In the aftermath of the Hurricane Katrina, the Broadmoor Improvement Association (BIA) rallied residents to create and implement a master plan for neighborhood recovery in collaboration with multiple local and national partners. In 2006, the BIA created the BDC, a registered 501(c)3 Community Development Corporation, to address the neighborhood’s housing needs. The BDC rehabilitates owner-occupied properties, renovates and sells vacant properties, builds new homes, and is planning ways to stabilize vacant lots. Work is coordinated with the BIA to ensure that efforts are informed by the needs of the community, and operate within the vision set forth by the neighborhood. Over the seven year period since Katrina, this renovation effort has spurred the recovery of 85% of all Broadmoor residential properties – in an area where 100% of properties suffered between 6 and 10 feet of flooding following Hurricane Katrina. We have come a long way as a community, but still have a great deal of work ahead of us – and we look forward each day to help aid the progress to a better Broadmoor.

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