Parc Fontaine Gets New Hope | New Orleans News

A major turning point for Algiers’ aging Parc Fontaine apartment complex: The Mary Fund, a nonprofit dedicated to affordable housing, has stepped in as the new owner after purchasing the property for $34 million. For years, residents endured crumbling ceilings, persistent leaks, and neglected repairs — issues that finally seem poised for real change. The Mary Fund’s leadership, led by Executive Director Suzanne Cahill, is launching a comprehensive overhaul: inspecting every unit, repairing roofs and structural damage, reopening two pools, and upgrading security and community spaces. Residents, long frustrated by ignored complaints, are now cautiously optimistic. With city support and a 3-5 year timeline, the goal is clear: transform Parc Fontaine into a place where tenants can truly feel proud to call home. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8a0f4599e3052f01