View Single Post
Old Posted Mar 15, 2006, 2:47 PM
fla_tiger's Avatar
fla_tiger fla_tiger is offline
Join Date: Jul 2005
Location: Miami/Baton Rouge
Posts: 1,900
Originally Posted by BnaBreaker
These all look like fantastic projects, and it is great to see that the city of New Orleans is slowly getting back up on it's feet....but how many, if any, projects are there in the city geared towards, or at least accomodating, the poor of the city that got hit the hardest by katrina?
While a majority of the new projects are marketed towards the middlle to upper class, new programs are being announced to encourage developers to provide housing to those in the rental market....

Blanco to detail $1.75B rental rebuild in N.O.

CityBusiness staff report
March 14, 2006 10:38 AM

NEW ORLEANS — Gov. Kathleen Babineaux Blanco will introduce a preliminary plan for restoring Louisiana's rental stock damaged by hurricanes Katrina and Rita at 2:30 p.m. today at River Gardens, 1913 Felcity St., a mixed-income community developed by Crescent City-based HRI.

Blanco wants to spend $1.75 billion in requested federal funds to rebuild rental properties. About 120,000 houses and 70,000 rental units in Louisiana were rendered uninhabitable as a result of the hurricanes. Rental properties make up 53 percent of housing units in New Orleans. Blanco's preliminary rental plan is a complement to her $7.5 billion plan to rebuild Louisiana's owner-occupied housing.

Last edited by fla_tiger; Mar 16, 2006 at 6:57 AM.
Reply With Quote