Louisiana Senate OKs Effort to Promote Affordable Housing and Property Rights
LOUISIANA REALTORS • April 9, 2018
Louisiana senators approved Monday night legislation that would assert state authority over local zoning efforts to create affordable housing. Currently, Louisiana allows municipalities and parishes to pass inclusionary zoning ordinances to promote the development of affordable housing. Inclusionary zoning requires housing developers to sell or rent a proportion of their units below market rate, regardless of the economics of a project or whether the developer receives just compensation.
Senate Bill 462 would instead allow municipalities and parishes to offer VOLUNTARY economic incentive policies to promote the development of affordable housing.The measure was approved on a vote of 26-11. SB462 would replace the term “inclusionary zoning” with “voluntary economic incentive policies,” which will allow parishes and municipalities to incentivize affordable housing opportunities by limiting regulatory burdens on the housing industry.
State Sen. Danny Martiny, the Metairie Republican who sponsored the measure, pointed out that a similar bill was approved last year by the state Senate, then was sidelined in the House on promises that the New Orleans City Council would address the issue.
Louisiana REALTORS has been working with homebuilders, developers, and other entities to follow this issue. Members were alerted with a Call for Action over the past couple of weeks and over 700+ responded by contacting their senators. The legislation now heads to the Louisiana House for consideration and we encourage members to stay engaged on this issue.
Portions of this post were taken from an article originally published in the Advocate
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by Mark Ballard on April 9, 2018
NAR is sharing its latest consumer guide, Seller Handoff Checklist . Sellers can create a smooth transition for the new owners using the new one-page guide. It offers a handy checklist of information and resources that sellers can pass along—from appliance manuals to paint colors to garbage pickup schedules—as well as suggestions for goodwill gestures that will help buyers feel they made a great purchasing decision. As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow up to two weeks for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides: NEW: Seller Handoff Checklist Defining Home Buying Needs vs. Wants 10 Tips For Unpacking Smartly After A Move UPDATED: Multiple Listing Services Overcoming Roadblocks to a Sale or Purchase Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their home buying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Check out the next consumer guide on condominium insurance.
NAR Community and Transportation Preference Survey reinforces need for housing choices and shows support for community design to easily access daily destinations.
New Blueprint for Housing: What the 21st Century ROAD to Housing Act Means for Louisiana Real Estate
