Innovative

Projects

PH+ develops 2 duplexes on a single residential lot, selling each duplex to a CLT homebuyer (>80% AMI) under condo struc­ture while retaining the land under the CLT structure to ensure both owners' units and deed-restricted affordable rental units remain perpetually affordable. PH+ provides stewardship and support—including small landlord coaching, contractor referrals, and financial fitness and homebuyer training for renters on the path to ownership—ensuring sustainability.

Historically New Orleans was a city of owner occupied doubles - most New Orleanians have family or friends that lived in a double.

These doubles remained affordable for owners in part because of the additional income generated from the rental unit.

Meanwhile rental units provided a vital source of naturally occurring affordable housing.

The Double Down draws inspiration from an archetype that New Orleans neighbor­hoods gradually lost since Hurricane Katrina, with a twist that preserves affordability in Gentrifying neighborhoods.

Reimagining a New Orleans Archetype

Building equity while preserving affordability

Buyers earn wealth through 1.75% annual appreciation, equity from their amortizing mortgage, and steady cash flow from the rental unit, which is projected to cover most of their housing costs. Designed to combat displacement in neighborhoods under market pressure, the model is flexible (offering 1- and 2-bedroom duplexes, with optional lofts), cost-effective (at $125k–$140k per unit), and adaptable for both new construction and renovations. By leveraging the Small Multifamily Ordinance, historic tax credits, and infill development on vacant or blighted properties, PH+ can scale quickly—delivering projects in under 5 months—while preserving the historic neighborhood fabric and expanding affordable housing supply.