A challenge for renters in New Orleans...
New Orleans' renters are on their own as rents skyrocket across the city, up an average of 39% since Hurricane Katrina. Though some aid has been set aside for landlords, many lower-income residents say they are unable to return because they have been priced out.
Most of the money set aside for post-Katrina reconstruction is going to homeowners. The many thousands who lived in rental property prior to Katrina are not getting any help. It seems likely that many low-income former residents will not be able to return to their native city.
(Photo: Ozier Muhammad / The New York Times)
Update:
It is estimated that more than 48,000 rental units were destroyed or heavily damaged by the storm. That's about 40% of the original stock of apartments and rental houses. It is easy to see why so many do not have the option of returning to New Orleans.
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