April 1, 2024 — On January 26, one of the world’s largest nonprofit climate technology investors announced a partnership with a New Orleans housing and development funding agency in order to create more affordable, sustainable, climate-responsive housing that meets the present and future needs of New Orleanians.
In its first such venture, Elemental Excelerator (Elemental) — a national nonprofit founded in Hawaii — is collaborating with Finance New Orleans (FNO), as well as national and local organizations, the mayor’s office and local housing authorities to create a model that could be replicated by housing development organizations in cities across the U.S.