OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 49, New Orleans, Louisiana
Census Tract 49 is a Low-Income CommunityOpportunity Zone located in New Orleans, Louisiana.
This 0.4 square milecensus tract has a population of approximately 1,500and is one of 25 Opportunity Zones in Orleans Parish.
The adjacent map shows the location of this Opportunity Zone in Louisiana.
Census Tract 49 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$22K |
This Opportunity Zone has a median household incomeof approximately $22,000, which is 57% lowerthan the median household income for the state of Louisiana of $51,000.
Poverty Rate
43% |
The percentage of households below the poverty line in this Opportunity Zone is 43%, which is 24% higherthan the rate for the state of Louisiana of 19%.
Median Home Value
$309K |
This Opportunity Zone has a median home valueof approximately $310,000, which is 82% higherthan the median home value for the state of Louisiana of $170,000.
Education
72% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 72%, which is 14% lowerthan the rate for the state of Louisiana of 86%.
Median Age
33 |
This Opportunity Zone has a median ageof approximately 33, which is 13% 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 |