The Community Revitalization Fund at the Greater New Orleans Foundation (GNOF) was created and is supported by leading local and national foundations concerned with the future of New Orleans. The Fund seeks to invest in three key areas: housing productions, strengthening the affordable housing sector as a whole (including public policy and human capital), and the promotions of smart growth development principles. GNOF's CR Program supports housing and community revitalization activities that will create -- or are a component of -- a working system that generates equitable housing and community development at scale in the City of New Orleans. A working system is defined as on that:  

• Produces high-quality, diverse, mixed-income and mixed-use development that is architecturally, culturally and ecologically appropriate, as well as environmentally sustainable;
• Engages a diversity of citizens in the community revitalization process and formalizes or sustains citizen engagement in community development;
• Promotes accountability in government and the effectiveness of public systems;
• Results in the creation of a number of housing units that is commensurate with the scale of the crisis at hand and at a pace that dignifies all displaced New Orleanians;
• Increases the capacity of the locally-based housing production systems, including nonprofit and for-profit developers.

With some exceptions, grants from the Community Revitalization Fund are made quarterly.