Despite heated debate, council approves River District affordable housing project

New Orleans council approves tax break for 220-unit affordable housing project

The Rivana Apartments development would have to make yearly payments to the city starting at $5,000 in place of traditional property taxes.

City Council approves tax breaks for $100 million affordable housing complex

Audio recording is automated for accessibility. Humans wrote and edited the story. New Orleans City Councilmembers voted 6-1 to approve tax breaks for a $100 million affordable housing complex — the next project to break ground in the River District.  Councilmembers on Thursday (July 9) approved the payment-in-lieu-of-taxes deal, or PILOT, which is estimated to be worth $33 million over 40 years.  Council President JP Morrell was the one council…

Despite heated debate, council approves River District affordable housing project

The New Orleans City Council approved an affordable housing project for the River District after a heated debate in council chambers.