In The News › Concentrated poverty concerns BGR greatly

Sep 18, 2006

Source: New Orleans CityBusiness

Concentrated poverty concerns BGR greatly

Concentrated poverty concerns BGR greatly

The Bureau of Governmental Research report “The Road Home Rental Housing Program: Consequences for New Orleans” criticizes the program as light on help for renters and low-income residents.

The Road Home rental program harnesses $1.7 billion of Gulf Opportunity Zone low-income housing tax credits and $1.6 billion of community development block grants for the construction or rehabilitation of rental housing. It earmarks $869 million of CDBG funds to repair small rental properties willing to accept rent restrictions for periods ranging from three to 20 years.

The report states the focus on affordable housing is understandable, but it is equally important to develop housing in a way that contributes to the community as a whole.

BGR claims the program would promote 100 percent low-income housing tax credit projects with high concentrations of poverty. On a regional level, it would continue to concentrate low-income housing disproportionately in Orleans Parish, BGR said.

Because it concentrates on large-scale development rather than the small properties that dominate New Orleans’ rental stock, it runs the risk of leaving large, storm-ravaged areas of the city blighted.

Sep 18, 2006

Source: New Orleans CityBusiness

Fair Use Notice

This site occasionally reprints copyrighted material, the use of which has not always been specifically authorized by the copyright owner. We make such material available in our efforts to advance understanding of issues and to highlight the accomplishments of our affiliates. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is available without profit. For more information go to: US CODE: Title 17,107. Limitations on exclusive rights: Fair use. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission from the copyright owner.