New Orleans voters this fall will consider issuing over $500 million in city bonds that would fund a wide-ranging list of affordable housing, infrastructure and drainage projects.

The New Orleans City Council on Thursday agreed to send three bond proposals to the Nov. 15 ballot that would help fund city-wide infrastructure projects from aging city building upgrades to playground and pool repairs.

If voters approve the measure, the city would issue bonds that would be purchased by investors who would essentially loan New Orleans money to fund needed projects. The borrowed money, plus interest, would be repaid over time with an existing 25-mill property tax set aside for such bond repayments.

City-wide projects

The three bond propositions include:

$45 million for affordable housing

See Full Page