NEW ORLEANS — Today, Jane Place Neighborhood Sustainability Initiative (JPNSI), a ten-year old community land trust and housing rights organization, will release their report Short-Term Rentals, Long-Term Impacts: The Corrosion of Housing Access and Affordability in New Orleans. The report exposes the ways in which short-term rentals (STRs) exacerbate New Orleans’ housing crisis and provides recommendations to elected officials, leaders in the cultural sector, and individual residents to mitigate the negative impacts of STRs.
There will be a press conference for the release of the report Wednesday, March 28 at 10:00 a.m. at Duncan Plaza with JPNSI Staff and Board Members and community partners.
In 2017, the New Orleans City Council began regulating STRs by requiring platforms like Airbnb to share operator data – and, for Airbnb exclusively, to contribute to affordable housing funds – and by requiring STR operators to obtain one of three city licenses. JPNSI assessed the implementation of the city’s STR regulatory measures a year after their adoption through data collected from the city’s publicly available permit database, reports on monthly usage from STR platforms, and scrapes of Airbnb listings available online through Inside Airbnb. JPNSI finds that the city’s approach to STR regulation accelerates gentrification and the displacement of residents by permitting the limitless removal of homes from the housing market for conversion into STRs and ignoring the inflation of overall housing costs to which STRs contribute.
