✉news BusinessReal Estate first seen 17 h ago, last 13 h ago, peak #13
New Orleans Eases Affordable Housing Penalties for Downtown Developers
Original: New Orleans reduces penalties for firms that don't build affordable homes downtown
New Orleans has scaled back the penalties imposed on developers who fail to include affordable housing in downtown projects. The change softens the city's inclusionary zoning requirements, which had been criticized by builders as burdensome while defended by housing advocates as essential to keeping the city center accessible to lower-income residents.
Why now: The policy change affects downtown development costs and the city's affordable housing supply, drawing attention from developers and housing advocates alike.
New Orleansdowntown developersNOLA.com
Evidence
- New Orleans reduces penalties for firms that don't build affordable homes downtown · NOLA.com
- New Orleans reduces penalties for firms that don't build affordable homes downtown · NOLA.com
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