Skip to main content

Louisiana Senate Approves Ban on Inclusionary Zoning

Phil Hall
Apr 10, 2018
The Louisiana state senate has approved a bill that gives the state authority over municipal efforts to require inclusionary zoning provisions for the creation of affordable housing units in new residential developments

The Louisiana State Senate has approved a bill that gives the state authority over municipal efforts to require inclusionary zoning provisions for the creation of affordable housing units in new residential developments.
 
According to a report from the Baton Rouge Advocate, Senate Bill 462 prevents localities from mandating that developers adhere to a set-aside quota of low-income units in order to receive building permits for apartment, condo, single-family and other housing projects. The bill replaces the term “inclusionary zoning” with “voluntary economic incentive policies.”
 
SB 462 was approved by a 26-11 margin and goes to the Louisiana House for a vote. A similar bill was passed by the Senate last year, but stalled in the House after the New Orleans City Council promised to address the issue.

 
Published
Apr 10, 2018
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021