FOR IMMEDIATE RELEASE
March 8, 2017
Media Contact: Jasmine Haralson
Director of External Affairs
New Orleans Redevelopment Authority to Auction 100± Properties
In Citywide Online-Only Auction
The auction is open to the public. Anyone can register to bid on the properties.
NEW ORLEANS, LA - The New Orleans Redevelopment Authority (NORA) is conducting another ONLINE-ONLY auction of 100± structures and vacant lots located citywide. Bidding for this auction will begin on Monday, April 3, 2017 at 8:00 AM and end between 12:00 NOON and 5:00 PM on Tuesday, April 4, 2017.
The properties will sell “AS-IS, WHERE-IS” to the highest bidder. Properties are subject to a minimum bid price of $3,500 per property. There will be a Buyers’ Seminar on Thursday, March 16, 2017, 7:00 PM at the Dryades YMCA, 2220 Oretha Castle Haley Blvd. Registration begins at 6:30 PM.
On Saturday, March 18, 2017 12 structures will be open for inspection. Please visit www.hilcorealestate.com/NORA for exact times and instructions.
“As with our previous auctions, we are continuing to receive hundreds of inquiries. We are excited to make available this next pool of properties through this online auction event,” stated Brenda M. Breaux, NORA’s Executive Director.
Winning bidders are required to rehabilitate or complete construction of the property as a residence within 365 days and maintain the property in accordance with the City of New Orleans Code of Ordinances. The requirement to maintain the property begins immediately after closing. Bidders may use the property for green space if their property is directly adjacent to the property acquired at the auction.
For more information and to pre-register, please contact Fernando Palacios at 504-233-0063 or visit www.hilcorealestate.com/NORA.
The New Orleans Redevelopment Authority is a catalyst for the revitalization of the city, partnering in strategic developments that celebrate the city’s neighborhoods and honor its traditions.