Beginning in our anchor neighborhood of Central City in 2006, in response to the devastation of Hurricane Katrina, Jericho Road Episcopal Housing Initiative has helped spur a neighborhood revitalization in the Central City area. Jericho Road has developed 106 single-family homes, the co-development of 263 mixed-income rentals, and rehabilitated 272 homes for families returning to New Orleans after being displaced due to Hurricane Katrina. We have invested more than $40 million in the Greater New Orleans area. Now as Jericho Road expands our geographic footprint and impact throughout the Greater New Orleans Metropolitan Area, we still are committed to community driven revitalization in all of the locations we serve. Jericho Road doesn’t just build homes. We build communities. The housing Jericho Road cultivates wealth building for low income and working families by developing affordable housing and revitalization initiatives.
New Orleans is a majority (54%) renter city, as of 2018, with many low-income neighborhoods. One of Jericho Road’s primary goals is to provide resources to allow those making below 80% of the AMI to save and afford to buy their own home- creating an asset for generational wealth. Our work is centered on providing opportunities for low-income and working residents of New Orleans to reach their goals and set themselves up for financial success. Owning a home gives the homeowner an appreciating asset that provides financial stability and security. A home that provides a healthy living environment at an affordable price increases the long-term health of household residents and the likelihood of achieving more equitable education.
Jericho Road develops high-quality housing for low-income and working income families while also providing solutions to the many obstacles to affordable housing, such as rising home prices, mounting construction costs, and increased insurance premiums and property taxes.
Jericho Road’s three core tenets of housing development are:
- Architectural integrity to the traditional New Orleans style home,
- Green building techniques, benefiting the environment and saving expenses in utility costs, while also improving families’ health·
- Universal Design elements that allow individuals of any physical ability to move about the home and age in place.
For more information about housing development, please contact: info@jerichohousing.org.
View homes for sale here.