Fortuné (pronounced, "FOR-chu-nay") Development, LLC was founded in January 2005 by Hal Brown, a native New Orleanian. Fortuné Development ("Fortuné" or "the Firm") is dedicated to the development principle that the charm of the City of New Orleans must be preserved through a mixed income approach that restores and renews sustainable neighborhoods. Fortuné Development began acquiring and renovating blighted homes in March 2005 in the Mid-City and Algiers neighborhoods. All three projects were completed prior to August 2005 when Hurricane Katrina flooded and badly damaged the Mid-City properties. Those properties, located in an historic district, were completely renovated and sold in 2006 and 2007 using a theme that has become the guiding development principle of the Firm: "Old world charm with modern conveniences".

Fortuné targets historic neighborhoods with residential architecture typical of New Orleans older neighborhoods: shotgun singles and doubles, Creole cottages, camelbacks, townhouse doubles, double-galleried duplexes, etc. Fortune provides renovations or in-fill new construction clusters that capture the architectural heritage of New Orleans and adapts them to modern, energy-efficient and green technology living standards. All homes provide modern floor plans, central air and heating, all-home security systems, fenced yards, energy-efficient appliances, double-paned windows, spray foam insulation and other energy-saving technologies. Home types include single family homes, condominium units and owner-occupied doubles. In most cases, residences include off-street parking, landscaped grounds, paved streets and are located within 2 blocks of public transportation.

Fortuné Development has embarked on a series of funds to accelerate the recovery of New Orleans' historic neighborhoods from the widespread damaged inflicted by Hurricane Katrina. While New Orleans homeowners were generally able to recover due to their own hazard and flood insurance policies or through special Federal aid through the Road Home Program, New Orleans' renters were not as well situated. In the 2000, census, New Orleans households were estimated to be comprised of 53% renters. Since renters or landlords, as a rule, did not carry flood insurance and received much less generous Federal aid post-Katrina, the City's supply of rental housing has been devastated leaving many older, mixed income neighborhoods only partially re-populated. To remedy this partial recovery phenomenon, Fortuné Development has designed the Faubourg (pronounced, "FAW-burg") Funds to raise sufficient capital to bring back clusters of residential properties to restore neighborhoods to being sustainable communities.