Finance New Orleans is a public trust created by the City Council of New Orleans in 1978, as the Finance Authority of New Orleans, under the provisions of the Louisiana Public Trust Code. Since 1978, Finance New Orleans has issued more than $600,000,000 of mortgage revenue bonds. Proceeds from these bond issues and Finance New Orleans’ other loan assistance programs have been used to finance more
than 7500 new homeowners in the City of New Orleans. In addition to financing home mortgages, Finance New Orleans provides tax-exempt bond financing for public facilities, facilities owned by non-profits, multi-family housing and all forms of community & economic development. Finance New Orleans' programs are authorized by the New Orleans City Council.