New Orleans Affordable Housing
The homes range in price from $33,000 to $90,000
Live in one side, rent the other, and spend your free time chilling in the tiny-but-tropical backyard
Living in New Orleans isn’t cheap. Over the past year (as with any other recent years in the city), the shortage of affordable housing has plagued New Orleans.
While getting a roommate in New Orleans might not be anyone’s favorite idea, it can be a cost-saving one.
As rent and housing cost steadily skyrocket in New Orleans, affordable housing is becoming more of a concern.
Today, Redmellon placed as one of four silver medalists, receiving $10,000 to enhance its design-winning project.
A new study supports that in order to rent a two-bedroom home in the New Orleans-Metairie area an individual would need to make $18.54 an hour, bringing in at least $38,560 annually.
At the start of March, New Orleans is still ranked No. 15 for the city with the most expensive rent.
In its newest developments, Edwards Community and Torres secured a density bonus from City Council on Thursday, Nov. 3, 2016.
The City of New Orleans is tackling affordable housing again. Last Thursday, City Council asked the City Planning Commission to evaluate the effectiveness of incentivizing developers to build cheaper homes in new developments.
On Thursday, Sept. 29, HousingNOLA, a nonprofit group dedicated to increasing available affordable housing in the city, evaluated the city’s progress in 2016. The evaluation is a part of a 10-year plan to increase affordable housing in New Orleans.
The Housing Authority of New Orleans released a plan to combat segregation and gentrification in New Orleans, which have both become exacerbated in the 11 years since Hurricane Katrina. The plan also includes stats on segregation and gentrification.
The Greater New Orleans Housing Alliance is criticizing a proposal that would scrap 14 affordable units at Sidney Torres' Lafitte Greenway development in favor of offering loans to first-time homebuyers—which the Alliance claims aren't enough.
The most recent ranking by the rental platform Zumper, which releases periodic rental reports, has New Orleans as No. 18 in a list of the most expensive rental markets. The average one-bedroom was $1,300 in the past month; a two-bedroom was $1,610.
Out of the three companies that bid for the job, the city has selected a California firm to run a rental inspection program in New Orleans. NMA Inspections of El Cajon, California, which has run similar programs in other cities, will take on the job.
A policy that would require real estate developers to show how their projects would influence affordability in the New Orleans housing market got one step closer to happening this week. "Affordable housing impact statements" might be implemented here.
The Advocate reports some federal tax credits will bring affordable housing to 30 families in the Treme-Lafitte area. Sixteen single-family homes and duplexes will be built or revamped in the area surrounding the old Iberville public housing complex.
While prices are still on the rise, the New Orleans housing market is easing up a little bit. A new report by the New Orleans Metropolitan Association of Realtors shows that the city’s hot housing market slowed down in the first half of 2016.
Apartment List released a study illustrating how the housing market has changed since the recession. Around the country homeownership rates are low even though the costs of homeownership have gone down. As more are renting, rents have increased.
After trying once before to tepid response, NOLA.com reports three companies are now bidding to be the inspector for the city’s planned rental registry and inspection system. The companies are based in Metairie, New Orleans, and El Cajon, California.
Part of the original plan for Sidney Torres’ mixed-use development at the Lafitte Greenway included affordable housing units. Mid-City Messenger reports a proposal would replace the units with grants for low-income families to buy homes in Mid-City.
The idea in its preliminary stages, but NOLA.com reports Swan River Yoga owner Haiyan Khan is hoping to build a village of tiny homes to serve the city’s homeless population. He’s already gotten to work building tiny mobile homes for homeless people.
Talks of a New Orleans rental registry have gone on for awhile, and Mayor Mitch Landrieu included it in his five-year affordable housing plan. The city issued a request for proposals to operate a rental program, but it only got one response. Bummer.
New Orleans is among the least affordable cities for people looking to buy their first homes, according to a new Bloomberg report. Out of the 100 largest U.S. cities, New Orleans ranks at No. 27. Honolulu came out as the least affordable on the list.
Mayor Mitch Landrieu and Councilwoman Nadine Ramsey held a community budget meeting Thursday night in Algiers, as part of a series of sessions the mayor is hosting to help craft the administration’s 2017 spending plan. He discussed Airbnb and more.
Even as rents and home prices shoot up around the city, the real estate database Zillow says New Orleans is one of the top 10 cities where millennials are living alone. The report says 13.4 percent of New Orleans millennials are living solo. Read on.
Last night Mayor Mitch Landrieu gave his annual State of the City address, during which he unveiled a five-year affordable housing plan. The goal of the plan is to "build or preserve" 7,500 affordable housing units by 2021. Read on for the details.
You need a yearly income of $60,782 to live comfortably in New Orleans, according to a study by Go Banking Rates. The study also says the median household income in New Orleans is just $36,964—$23,818 short of what's needed to live well in the city.