NEW ORLEANS - City Council Motion (M-19-4) would tighten regulations for the City's Short Term Rental (STR) program and incentivize commercial developers to provide more affordable housing for New Orleanians. Councilmembers Kristin Gisleson Palmer, Joe Giarrusso, Jay H. Banks and Helena Moreno are sponsoring the motion and will bring it up for a vote on Thursday, January 10th during the regular meeting beginning at 10 a.m. in the Council Chamber.
The proposed legislation would allow property owners with a homestead exemption to receive up to three STR permits per property called a residential license. Whole home rentals would no longer be allowed unless located within a commercially zoned district. The STR ban in the French Quarter would remain in place, but would be extended to the Garden District.
Additionally, the motion would establish different categories of commercial licenses based on the number of units and instruct the City Planning Commission (CPC) to make recommendations on affordable housing using the inclusionary zoning study.
For more information or to view the meeting agenda, visit council.nola.gov.