(Read more on the multifamilymarket.)
NEW ORLEANS-Two years after Hurricane Katrina came on shore toravage the Gulf Coast, thousands of people remain displaced fromtheir homes, both single-family houses and apartment rentals.Although a group of activists and residents from the Gulf Coast arein Washington, DC this week to testify before several congressionalcommittees, organizations like the National Low Income HousingCoalition aren't too hopeful that resources will soon becomeavailable for housing replacement.
According to the coalition, 71% of the 300,000 homes destroyedby Hurricanes Katrina and Rita were affordable housing. Two yearsafter the hurricanes, at least 106,000 of mostly low-incomefamilies remain displaced.
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