Organizations Filed Purposes:
NORTHSHORE HOUSING INITIATIVE (NHI) IS A COMMUNITY LAND TRUST, A COMMUNITY BASED ORGANIZATION COMMITTED TO THE PERMANENT STEWARDSHIP OF LAND AND THE LONG-TERM AFFORDABILITY OF WORKFORCE HOUSING. USING A SHARED EQUITY MODEL, NHI HELPS MODERATE-INCOME HOMEBUYERS PURCHASE A HOME BY INVESTING IN THE LAND. THE LAND IS LEASED TO THE HOMEBUYER BY THE TRUST WITH A LONG-TERM LEASE THAT INCLUDES A RESALE FORMULA TO ENSURE AFFORDABILITY IS PRESERVED FOR THE NEXT HOMEBUYER.
TO PROVIDE AFFORDABLE HOUSING FOR THE NORTHSHORE AREA.
THE ORGANIZATION CURRENTLY OPERATES AN OWNER IDENTIFIED HOMEOWNERSHIP PROGRAM. ONCE QUALIFIED FOR THE LAND PURCHASE GRANT THE HOMEOWNER PRE-QUALIFIES WITH A LENDING PARTNER AND FINDS THE HOUSE THEY WISH TO PURCHASE. THROUGH LOCAL PARTNERSHIPS THE ORGANIZATION PROVIDES HOMEBUYER AND FINANCIAL LITERACY TRAINING AND INSURES SAFE AND AFFORDABLE MORTGAGES FOR HOMEBUYERS. THE OWNER IDENTIFIED PROGRAM HAS CLOSED ON 17 PROPERTIES TO DATE. ST. TAMMANY PARISH GRANTS FUND THE LAND PURCHASES AND CERTAIN ORGANIZATIONAL OPERATING COSTS.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Jennifer Dexter | EXECUTIVE DIRECTOR | 40 | $61,462 |
| Kentrell Jones | DIRECTOR | 2 | $0 |
| Erin Stair Bivona | DIRECTOR | 2 | $0 |
| Theata Mason | SECRETARY | 2 | $0 |
| Shawn Macomber | PRESIDENT | 2 | $0 |
| David Roussel | DIRECTOR | 2 | $0 |
| Sidney Fontenot | DIRECTOR | 2 | $0 |
| Edward Bee | TREASURER | 2 | $0 |
| Nixon Adams | VICE PRESIDENT | 2 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202011429349301806_public.xml