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.
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.
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 of housing units under production right now due to poor tracking of housing construction, faulty technology and inconsistent data collection.