New Orleans City Code § 70-415.318 Fund created.
Sec. 70-415.318. - Fund created.
There is hereby created a special fund designated as the Renter Anti-Displacement Fund (hereinafter "fund").
(M.C.S., Ord. No. 29242, § 1(70-415.308), 11-3-22)
RENTER ANTI-DISPLACEMENT FUND
New Orleans City Code ch. 70, art. III, div. 50
in effectNew Orleans City Code § 70-415.319 Funding and purpose.
Sec. 70-415.319. - Funding and purpose.
(a) The fund shall be used exclusively to fund programs that provide relocation assistance and alternate housing for individuals displaced as a result of the enforcement of article XI of chapter 26 of the Code of the City of New Orleans and to offset the costs to the city incurred in connection therewith, including the administration of article XI.
(b) The fund shall be funded with fines received as a result of enforcement of chapter 26 of the Code of the City of New Orleans in an amount equal to 33 percent of the fees collected annually pursuant to section 26-654 of this Code and such other sources as may be provided for by ordinance.
(M.C.S., Ord. No. 29242, § 1(70-415.309), 11-3-22)
New Orleans City Code § 70-415.320 Required reports and program implementation.
Sec. 70-415.320. - Required reports and program implementation.
The director of finance shall keep detailed and accurate records in the administration of the fund and shall make annual reports to the chief administrative officer and city council, via the clerk of council, giving a complete and detailed written accounting of all revenues in the fund, and any expenditures made therefrom.
(M.C.S., Ord. No. 29242, § 1(70-415.310), 11-3-22)
New Orleans City Code § 70-415.321 Administration of fund.
Sec. 70-415.321. - Administration of fund.
The fund shall be administered by the director of the department of finance and shall be kept in an interest-bearing account, with interest accruing to the benefit of and to become part of the fund.
(M.C.S., Ord. No. 29242, § 1(70-415.311), 11-3-22)
Source: City of New Orleans, Code of Ordinances and Home Rule Charter (Municode Library, library.municode.com)URL: https://library.municode.com/la/new_orleans/codes/code_of_ordinances?nodeId=PTIICO_CH70FI_ARTIIIFU_DIV50REANSPFUFetched: 10/28/2026