FELICITY ST REDEVELOPMENT PROJECT

The goal of Felicity Redevelopment, Inc. is the revitalization historic homes in the Central City neighborhood, through acquisition and advocacy. We are currently rehabbing an 1890's double on S. Robertson Street that has been vacant and looted for ten years. We hope to stabilize it and resell to a responsible owner, dedicated to maintaining the neighborhood.

Felicity Redevelopment Inc., was founded by a group of concerned citizens in 1998 as a way to improve the lower St. Charles corridor neighborhood. The non-profit organization began by buying properties bordered by St. Charles Avenue, O.C. Haley, Jackson Avenue and Calliope Street. For over twenty years Felicity has operated a revolving fund to purchase, stabilize and resell blighted properties in this historic neighborhood. Over Felicity Redevelopment Inc.'s history, we have bought and renovated over 50 properties, investing over $5 million in the target area while also recruiting new homeowners as residents and business owners as investors.

As we have evolved, we have expanded our boundaries and are focusing our efforts deeper in Central City. This has been done through our own property acquisition, using our legal resources to work out complex title issues, advocating for rehabilitation over demolition and working with other developers to stabilize historic homes.

Felicity is doing something few non-profits do: supporting market forces in Central City by encouraging demand and providing supply. Because the non-profit does not depend on government grants, it must invest wisely and keep overhead low. We have a small, volunteer staff that keeps their ear to the ground.