KEY TAKEAWAYS:

New Orleans committed more than $100M to housing since 2020

Population decline worsens the city’s housing market challenges

Many subsidized apartments rent far above affordability standards

Report ranks New Orleans housing market 99th out of 100 nationally

The city of New Orleans has poured tens of millions of dollars into building and subsidizing housing since 2020, but the city’s real estate market remains among the worst in the country for metropolitan areas.

That’s because constructing more affordable housing with city subsidies doesn’t address the real issue.

“Population growth is one of the quickest cures to real estate problems,” the University of Mississippi wrote in a blog. “Unfortunately for New Orleans, the city has experienced a decline of 3.3% in p

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