Housing group report: New Orleans short-term rental laws enabled 'hotelization of residential housing'

admin · 03-28-2018, 03:30 PM

A lengthy report from housing advocacy group the Jane Place Neighborhood Sustainability Initiative (JPNSI) says that nearly 20 percent of short-term rental operators in New Orleans control nearly half of all listings.

The report from the housing justice and community land trust organization offers a detailed look at how large companies and developers, including locally based real estate investors, have leveraged the city?s short-term rental (STR) laws to turn potential housing stock into a sprawling enterprise of de facto hotels.

"Short Term Rentals, Long Term Impacts: The Corrosion of Housing Access & Affordability in New Orleans"*follows extensive media reporting and debate over the impact of STRs in New Orleans, which spiked in the wake of a package of city laws that provide a legal framework to allow them to operate ? city officials hailed it as a model compromise with the industry while extracting tax revenue from an already-existing practice.?

03-28-2018, 03:30 PM	#1
admin Site Admin Join Date: Mar 2007 Location: New Orleans Posts: 11,971 Blog Entries: 2	Housing group report: New Orleans short-term rental laws enabled 'hotelization of residential housing' A lengthy report from housing advocacy group the Jane Place Neighborhood Sustainability Initiative (JPNSI) says that nearly 20 percent of short-term rental operators in New Orleans control nearly half of all listings. The report from the housing justice and community land trust organization offers a detailed look at how large companies and developers, including locally based real estate investors, have leveraged the city?s short-term rental (STR) laws to turn potential housing stock into a sprawling enterprise of de facto hotels. "Short Term Rentals, Long Term Impacts: The Corrosion of Housing Access & Affordability in New Orleans"*follows extensive media reporting and debate over the impact of STRs in New Orleans, which spiked in the wake of a package of city laws that provide a legal framework to allow them to operate ? city officials hailed it as a model compromise with the industry while extracting tax revenue from an already-existing practice.?