Even as President Barack Obama agrees to keep Bush-era tax cuts, a consensus is still lacking on an extension of tax credits needed to rebuild New Orleans’ Big Four housing developments, as well as other Gulf Coast complexes.
Tag: GO Zone
Posted inGovernment & Politics
Hurricane recovery loans go to Baton Rouge refinery work
The State Bond Commission voted today to issue ExxonMobil Corporation $12 million more in tax-free, low-interest bonds to finance an upgrade of the petro giant’s Baton Rouge facility.
Posted inLand Use
Senate action helps chances for New Orleans housing
Just a couple weeks ago, affordable-housing proponents had little hope that developments to replace the public-housing complexes torn down after the levee failures would materialize. A damning federal assessment of the Housing Authority of New Orleans stated that, “Two of HANO’s Big Four the former Lafitte and B.W. Cooper projects mixed-income deals are in jeopardy. […]
Posted inGovernment & Politics
The Bottom Line on Affordable Housing
Today the Greater New Orleans Community Data Center released the report “Housing Production Needs: Three Scenarios for New Orleans” where they explore the issue of just how much housing is needed now, and how much more may be needed in the future. What they found is that it’s extremely difficult to quantify the total supply […]