Tax Relief as an Affordable Housing Boost
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:
Published on Monday, April 29, 2019 in
Topics
- Google's San Jose Transit Village Plans Revealed
- The Varied Career of a Transit Service Planner
- The Life and Death of Neighborhood Rebrandings
- 150 Acres of Undeveloped Land to Become 2,350 Homes Outside Denver
- City to Bicyclists: Berkeley Not in Idaho
- Anti-Development Forces Strike at L.A.'s Transit Oriented Communities Program
- New York City 'More Congested Than Ever'
- Kanye West's Unpermitted Vision for Housing Utopia Has Been Demolished
- What Walk Buttons Do (and Don't Do)
- Jersey City Building More Apartment Than Manhattan
- 28.3 Million Acres of Public Land at Risk in Alaska
- First-Time Home Buyers Look Different Than They Once Did
- Consumer Group Accuses States of 'Punishing' Electric Vehicle Drivers
- L.A.'s New Tool for More Efficient City Asset Management
- Pedestrian Planning Changing the Public Realm in Vancouver
- Digital Transportation: The Future of Urban Mobility
- Frequencies Restored on L.A.'s Expo Line After Rider Backlash
- A Traffic Safety Commitment for Chicago's West Side
- Report: Shared Bikes and Scooters Could Reduce Car Trips By 50 Percent in Downtowns
- The Great Flood of 2019, Visualized
