HousingLOUISIANA

A meltdown in the home insurance market Climates change, inflation and the collapse of a dozen insurers writing policies in Louisiana in recent years have caused a meltdown in the homes insurance market. The crisis is happening all over the country, in places prone to wildfires, hurricanes and severe thunderstorms. # HousingLOUISIANA https://lnkd.in/gs_Vdq83

Andreanecia Morris, executive director of HousingNOLA, an organization that advocates for affordable housing, says some homeowners have not been able to recover from Laura and Ida due to non-payment by insurers. https://lnkd.in/gwuS4MuM #HousingLOUISIANA

Citing pricey development costs, the State Bond Commission has for months stalled funding for two major affordable housing projects in New Orleans, causing conflict between developers and state officials. #HousingLOUISIANA https://lnkd.in/gKzcd2GH

Rep. Matt Willard, D- New Orleans, who has been one of the most vocal critics of the tax package, disrupted Emerson’s statement, saying he believes the expansion of sales taxes could hurt some residents, particularly those with lower incomes. #HousingLOUISIANA Matt Willard, CSM

Fields arrived in the city as homelessness was on the rise: a tally of people living on the street in January 2023 found that homelessness had increased by 15% in New Orleans and Jefferson Parish from the previous year. During pandemic shutdowns, encampments had become a standard feature of the city’s downtown landscape and business and civic leaders were growing increasingly frustrated. #HousingLOUISIANA Nate Fields https://lnkd.in/gxjfPVYf

The full scale of the Choice Neighborhood Initiative is designed to create 562 mixed-income housing units, including at least 240 units to replace the public housing that was once Lloyd Oaks at a similar level of affordability. #HousingLOUISIANA https://lnkd.in/gs8eBpTC

"Louisiana's insurer of last resort, Citizens, has found it more difficult to buy traditional reinsurance in recent years. So it has leaned more heavily on "cat bonds," thereby passing the risk--and premium dollars--of Louisiana homeowners to investors around the world." #PutHousingFirst #HousingLOUISIANA

By approving the Housing Trust Fund, the people said no matter what is happening, our leaders must put housing first and invest in our homes, our neighborhoods, and our future. There is still work to be done. Not only must we prepare to manage this amazing opportunity, we also have to get through the next few weeks and put together a housing investment strategy that deals with sky high insurance, out of control utilities and a damaged housing stock.” Says Andreanecia Morris Executive Director, Housing NOLA #HousingLOUISIANA

Gov. Jeff Landry claims his proposed tax reform plan will be revenue neutral, but skeptics say the plan could create a $742 million budget hole in less than two years. #HousingLOUISIANA #PutHousingFirst https://lnkd.in/gaFYNMQz

“Housing is unequivocally the most critical issue impacting quality of life for our residents. We face an overwhelming challenge that has been decades in the making, so we need a solution rooted in decades of investment.” said Asali D. Ecclestiastes Chief Equity and Executive Officer, Ashe Cultural Arts Center #HousingLOUISIANA Asali DeVan Ecclesiastes https://lnkd.in/g2gJzWRV