The city of New Orleans needs approval from the State Legislature and the state's voters before it can implement tax relief measures meant to give more first-time homebuyers access to the housing market.
"In a boost to efforts to create more affordable housing in New Orleans, a Louisiana Senate committee on Monday cleared a ballot issue that could bring some tax relief to the city’s homeowners," reports Jessica Williams.
If approved by the Louisiana State Legislature, voters would also get a chance to approve or deny the tax relief measure.
"The proposal, backed by Mayor LaToya Cantrell, would let New Orleans offer tax freezes, exemptions or other relief on local property taxes to longtime and first-time homeowners," according to Williams.
Williams provides context about the New Orleans housing market—where wages have not kept up with housing costs and the city is adding very few new affordable units.
FULL STORY: In effort to create more affordable housing, New Orleans property tax relief bill clears Senate committee
Legislation Says 'Aloha' to Affordable Homes in Hawai`i
SB 1 is one of four bills proposed in the Hawai`i Legislature this year that would make it easier to develop, buy, and sell affordable homes in the state.
Affordable Housing Losing Ground in New Orleans
For the second year in a row, New Orleans is losing more affordable housing than it is creating, according to a recent report published by HousingNOLA.
Permanent Supportive Housing Providers Face Steep Insurance Hikes
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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