Slowed job growth in New Orleans has contributed to a rise in vacant apartments, but people who need housing still cannot afford high post-Katrina rents. The problem is outlined in a study released today by the Greater New Orleans Community Data Center and the Urban Institute. It says the city will have a surplus of more than 6,500 market-rate units next year—but will have a shortfall in affordable or subsidized units of more than 13,400. Low wages in the area—a problem that pre-dates Katrina—contribute to the rental-housing crisis, the report says. In addition to stronger housing policies, the study says policies are needed that encourage economic development and higher wages.
Vacancies, rents high in New Orleans
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