Introducing Lot Next Door
“The New Orleans City Council created the Lot Next Door program. It allows
residents to purchase a NORA-owned property immediately "next door" to their own.
Beginning summer 2008, NORA will send notification letters by registered mail
on a rolling basis to eligible homeowners. These letters will include
specific instructions for participating in the Lot Next Door program. Letter recipients
are determined based on the status of their city tax and homestead exemption records
and whether they are adjacent to NORA-owned or potentially owned property (see box
at right).
Please note: : NORA owns a small number of properties and has limited
sources of property. NORA expects to receive property sold to the State as part
of Road Home program and can file expropriation lawsuits to acquire property officially
designated blighted.
To be eligible, Lot Next Door participants must:
1. Have a homestead exemption on your
property;
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2. Live directly to the right or left
of the property NORA owns or will come to own;
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3. Currently comply with City building
codes and health and safety ordinances on all properties you own in Orleans Parish;
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4. Be current on taxes on all property
you own in Orleans Parish;
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5. Be prepared to pay NORA the appraised,
fair market lot value plus legal fees and costs; and
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6. Plan to hold ownership of the subject
property for at least five years or pay a penalty |