Real Estate

Graham Williams: City Council to Leave Non-Commercial STR Licenses to Lottery

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In a hotly contested vote on Thursday, March 23, the New Orleans City Council created all new regulations for Non-Commercial Short-Term Rentals (“NCSTRs”). While the new rules had been expected for some time, the vote confirmed some concerning realities for NCSTR owners: a lottery will be held to determine which owners can operate NCSTRs— the …

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New Orleans City Council Bans Some Commercial Short-Term Rentals (STRs)

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By Graham Williams On Thursday, February 2, 2023, the New Orleans City Council voted 5-0 to create an Interim Zoning District (“IZD”) that prohibits the use of a Commercial Short-Term Rental (“CSTR”) in certain neighborhoods and certain zoning. The measure, authored by District B Councilmember Lesli Harris, focuses on mixed use designations popular among real …

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New Orleans city council upends residential short-term rentals

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By: Graham Williams, Attorney On Monday, August 29, 2022 the New Orleans City Council unanimously placed a moratorium on new residential short-term rentals (“STRs”) and said that all residential STR permits will expire on March 1, 2023.  In short, the Council upended the way that residential STRs were licensed. No new residential STR licenses can …

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Court Throws Out Residency Requirement for Short-Term Rentals

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Many property owners in New Orleans are familiar with the City’s rule that in order to operate a short-term rental (“STR”) in a residential neighborhood, the property owner must first demonstrate to the City that they reside on the premises. This rule was created to limit the spread of STR’s in those residential neighborhoods. The …

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Home Equity Lines of Credit May Provide Additional Liquidity for Businesses and Families

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The SBA has announced they are unable to accept new applications for the Paycheck Protection Program based on current funding. However, there is a large source of other potential emergency funding for businesses and families: their home equity. For the first time in several decades, and as a consequence of the financial crises of 2008, …

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New Orleans City Council’s Short Term Rentals Vote Explained

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After a long debate today, the New Orleans City Council set in motion a process that will dramatically change the City of New Orleans’ short-term rentals laws. By a unanimous 7-0 vote, the Council passed a motion to establish the following changes: Homestead Exemption Requirement: In residential areas, STRs will only be allowed on properties …

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