OZ Pitch Day - July 20, 2023
Census Tract 2, New Orleans, Louisiana
Census Tract 2 is a Low-Income CommunityOpportunity Zone located in New Orleans, Louisiana.
This 0.2 square milecensus tract has a population of approximately 1,200and is one of 25 Opportunity Zones in Orleans Parish.
The adjacent map shows the location of this Opportunity Zone in Louisiana.
Census Tract 2 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
This Opportunity Zone has a median household incomeof approximately $27,000, which is 47% lowerthan the median household income for the state of Louisiana of $51,000.
The percentage of households below the poverty line in this Opportunity Zone is 15%, which is 4% lowerthan the rate for the state of Louisiana of 19%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $190,000, which is 12% higherthan the median home value for the state of Louisiana of $170,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 81%, which is 5% lowerthan the rate for the state of Louisiana of 86%.
This Opportunity Zone has a median ageof approximately 38, which is 0% lowerthan the median age for the state of Louisiana of 38.
Louisiana OZ Funds
There are 6QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Louisianaas a target market. Additional OZ funds may also invest in Louisiana; see a complete list of Opportunity Zone Funds here.
|Fund Name||Asset Classes||Property Types||Fund Size|
|Community Outcome Fund||Business, Real Estate||Commercial, Infrastructure, Mixed-Use, Residential||$500M|
|Elite Opportunity Fund, Inc.||Business||Energy Development||$250M|
|Maxus Opportunity Fund I||Real Estate||Commercial, Residential||$500M|
|NORF 4 Opportunity Zone Fund||Commercial, Mixed-Use, Multi-Family Housing, Residential, Student Housing, Workforce Housing||$50M|
|Peachtree Hotel Group||Real Estate||Hotel||$100M|
|Woodforest CEI-Boulos Opportunity Fund||Real Estate||Workforce Housing||$22M|
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Louisiana properties.