Business View Magazine | Volume 9, Issue 1

7 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 1 NEW ORLEANS HOMELESS SHELTER RECEIVES $750K FOR RETRO Fifth District Savings Bank and FHLB Dallas Provide Funds to Ozanam Inn F ifth District Savings Bank (Fifth District) and the Federal Home Loan Bank of Dallas (FHLB Dallas) awarded a $750,000 Affordable Housing Program (AHP) subsidy to Ozanam Inn, which is wrapping up a retrofit at its new location. Ozanam Inn, in operation since 1955 in New Orleans, Louisiana, had been serving the homeless and underprivileged in a building owned by St. Vincent de Paul at 843 Camp Street until recently when it undertook a $5 million project to buy and retrofit a building it purchased at 2239 Poydras Street. The AHP funds will offset cost of the retrofit, said Renée Blanche, deputy director/director of development for Ozanam Inn. Ozanam Inn moved into the building in November and in early December began accepting women for overnight stays and into its residential program, something it wasn’t able to do in its prior building, due to space constraints, she said. The renovations are mostly complete and included adding a commercial kitchen, showers to the second floor and new plumbing. “The AHP funding means we can close the gap on what is needed to complete our fundraising for the Ozanam Inn renovation and allows us to channel other contributions into our operation and our services,” Ms. Blanche said. “We are humbled and honored by this funding and the faith put in us by FHLB Dallas and Fifth District.” Brian North, president and CEO at Fifth District, said the AHP allows the bank to assist community organizations that are making a positive difference. “Ozanam Inn offers a wide variety of social services to help people get back on their feet, from basic shelter to case management that OPENING L INES