TIVOLI PLACE

Tivoli Place in New Orleans, Louisiana won the 2025 Recognition of Housing Tax Credit Excellence in the HUD Preservation category.

Tivoli Place is a transformative project that revitalized a historic 8-story building in the heart of New Orleans into 163 high-quality, affordable homes for seniors, including several homes set aside as permanent supportive housing for special needs households. 154 of the homes are reserved for residents at 50 percent of area median income (AMI), one home at 30 percent of AMI, and eight homes at 20 percent of AMI. These final eight affordable homes are intended to serve some of the community’s most vulnerable populations, including elderly individuals, persons with disabilities, single parents, veterans, victims of domestic violence, and those struggling with homelessness. Residents will have on-site access to preventive health care screenings, exercise classes, mentoring programs, transportation, disability counseling, and other social programs. The development includes the restoration of a fresco mural by artist Conrad Albrizio, artwork previously thought to be destroyed by Hurricane Katrina.

The historic rehabilitation was financed through a blend of federal Low-Income Housing Tax Credits, Section 48 energy credits, and both Federal and State Historic Tax Credits.

The development represents the efforts of Lincoln Avenue Communities, Boston Financial, and Capital One to preserve, improve, and increase affordable housing opportunities in New Orleans, Louisiana.