NEW ORLEANS (WVUE) – The Parc Fontaine Apartments in Algiers have been sold to a new owner, the Mary Fund, a Connecticut-based nonprofit focused on affordable housing.
The complex had been owned by Global Ministries Foundation, a religious nonprofit, and was the subject of multiple Fox 8 Defenders reports. Residents described deplorable living conditions, including broken water pipes and moldy rooms. They also said management was unwilling to address the problems.
The Mary Fund, whose founder is a native New Orleanian, purchased the complex. The organization focuses on affordable housing…