HousingNOLA, JPMorgan Chase and Partners to Release Community Development Finance Plan
NEW ORLEANS – HousingNOLA is set to release its Community Development Finance Plan (CDFP) on Monday, Nov. 5, from 10 a.m. to 11 a.m. at Addiction Coffeehouse (1009-1015 N Claiborne Avenue). Event details were shared in a press release.
The Community Development Finance Plan was developed to spur economic development and address the challenges of displacement in New Orleans. The first initiative under the CDFP is the Lenders Roundtable Investment Fund, which was made possible through a $1 million investment from JPMorgan Chase & Co.'s fifth annual Partnerships for Raising Opportunity in Neighborhoods (PRO Neighborhoods) Competition.
The event will include a presentation of the plan by HousingNOLA executive director Andreanecia Morris, an introduction of the Lenders Roundtable by JPMorgan Chase executive dDirector Shearita Despenza, remarks from state representative Royce Duplessis, and a panel discussion featuring local housing advocates and experts.
Partnerships for Raising Opportunity in Neighborhoods (PRO Neighborhoods) is a $125 million, five-year initiative to provide communities with the capital and tools they need to support locally-driven solutions and address key drivers of inequality across the country.