August 7, 2010
Bad Economy Hampers Efforts to Improve Housing
Jackson Hill, for The Chronicle
Jim Kelly, of New Orleans’s Catholic Charities, says there’s not enough affordable housing available for exiled New Orleanians who want to return to their hometown.
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Jackson Hill, for The Chronicle
Jim Kelly, of New Orleans’s Catholic Charities, says there’s not enough affordable housing available for exiled New Orleanians who want to return to their hometown.
A dearth of low-cost housing has been one of the biggest challenges the Gulf Coast has faced since Hurricane Katrina. But nonprofit groups responding to the problem have had to contend with a second calamity—the international financial crisis.
After the storm, the federal government allocated $323-million in low-income housing tax credits to Alabama, Louisiana, and Mississippi to help the states rebuild low-cost rental housing, but with the recession, the market for those tax
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