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Barnes & Noble, Inc.
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10/05/2009

Project Home Again (PHA) Continues to Help Families Affected by Hurricane Katrina

12 More Gentilly Families Receive the Gift of a New Home

Total of 32 Homes Built and Donated to Families; Ground Broken Today for 12 More Homes

NEW ORLEANS (October 5, 2009) – Four years after Hurricane Katrina, while other philanthropists are quietly concluding their work and leaving New Orleans, the non-profit housing developer, Project Home Again (PHA), today gifted 12 more new homes to displaced families and broke ground for 12 additional new homes.  “We knew from the beginning that it would take years to rebuild this city and that we needed to work thoughtfully and steadily,” said Leonard Riggio, chairman of Barnes & Noble, who along with his wife, Louise, founded Project Home Again shortly after Katrina.  “Four years after the storm isn’t the time to quit, it’s the time to look around, understand where redevelopment can happen and redouble our efforts to bring the city back. There are still thousands of families out there who, now more than ever, want to come home.”  To date, PHA has built and gifted 32 new homes in the Gentilly neighborhood.

The Riggios, PHA families, elected officials, representatives from the New Orleans Redevelopment Authority (NORA) and the Louisiana Recovery Authority were on hand as PHA broke ground for 12 more homes in the St. Anthony neighborhood of Gentilly.  PHA recently purchased the 12 properties from NORA.  St. Anthony has experienced a slow rate of return and Project Home Again aims to jump-start the redevelopment of that area by clustering these homes around the 12 other PHA homes that were recently completed.  All PHA homes will be elevated above the minimum base-flood elevations, be storm-resistant and will meet the standards of the U.S. Department of Energy’s Builder’s Challenge program that results in homes that use 40% less energy than similar size homes in the area.

The Project Home Again structures will be two and three bedroom homes built in the California Craftsman style that is very much the style of Gentilly. Construction will begin immediately and will conclude by spring 2010. Upon completion, the homes will be given to families who lived in Gentilly at the time of the storm and lost their homes due to flooding. Both homeowners and renters will be encouraged to apply for housing in this round.

Applicants must meet income guidelines and other criteria that can be found at www.projecthomeagain.net. Applications can be downloaded from the website or can be requested by calling 866-550-4PHA (4742).



About Barnes & Noble, Inc.

Barnes & Noble, Inc. (NYSE: BKS), the world's largest bookseller and a Fortune 500 company, operates 774 bookstores in 50 states.  Barnes & Noble College Booksellers, LLC, a wholly-owned subsidiary of Barnes & Noble, also operates 624 college bookstores serving nearly 4 million students and over 250,000 faculty members at colleges and universities across the United States.  Barnes & Noble is the nation's top bookseller brand for the sixth year in a row, as determined by a combination of the brand's performance on familiarity, quality, and purchase intent; the top bookseller in quality for the second year in a row and the number two retailer in trust, according to the EquiTrend® Brand Study by Harris Interactive®. Barnes & Noble conducts its online business through Barnes & Noble.com (www.bn.com), one of the Web's largest e-commerce sites, which also features hundreds of thousands of titles in its eBookstore (www.bn.com/ebooks).  Customers can buy and read eBooks on a wide range of platforms, including the iPhone and iPod touch, BlackBerry® smartphones, as well as most Windows® and Mac® laptops or full-sized desktop computers.
 
General information on Barnes & Noble, Inc. can be obtained via the Internet by visiting the company's corporate website: www.barnesandnobleinc.com.

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