New Orleans hurt by acute rental shortage:
More than two years after Hurricane Katrina, New Orleans is suffering from an acute shortage of housing that has nearly doubled the cost of rental units in the city, threatening the recovery of the region and the well-being of many residents who decided to return against the odds. Before the storm, more than half of the city’s population rented housing. Yet official attention to help revive the shattered rental home and apartment market has been scant.
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