New program puts Lafayette community in charge of adjudicated properties
Lafayette is looking to a new idea to offload adjudicated properties: putting communities in charge of their fates
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Economy
How can Lafayette make space for more housing?
Cities around the country have blazed new trails with solutions to their housing problems that Lafayette can learn from. But its own citizens have answers too.
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The company will tap the University for a large portion of the workforce at the facility, where high-performance photovoltaic (PV) solar modules will be produced. Initial projections call for construction to be completed in 2026.
Source: KATC
A Metairie-based oil company that’s one of the largest independent operators still working in the state’s shallow coastal waters has filed for bankruptcy protection, leaving dozens of south Louisiana service and supply companies facing potential bankruptcies of their own.
Source: The Advocate
Maybe Lafayette isn’t so cheap?
Lafayette’s median-cost ratio — how much of their income renters spend on housing — is roughly the same as Houston’s and higher than Austin’s.
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Louisiana House leaders steer millions of dollars in pet projects to their home parishes
Lafayette Parish is set to take home the second largest share of earmark dollars claimed for local projects.
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Get Caught Up: Home prices are up in Lafayette, but the market is down
Sticky prices and declining sales have Lafayette Parish in its coldest housing market since the pandemic began, but surrounding parishes aren’t feeling the freeze.
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Of the 425 who participated in the poll, nearly half would recommend people move to Lafayette. More than 40% felt Lafayette is both a good place to start a career and were satisfied with the job opportunities.
Source: The Advocate
The cuts will not affect doctors, nurses and other patient-facing staff, according to Ochsner CEO Pete November. Employees in management, administrative jobs and clerical positions will see the bulk of the cuts, which will be spread evenly across the institution’s facilities in both states.
Source: The Advocate
Lafayette is running out of starter homes
With an aging stock of existing homes, and effectively no new construction below $200,000, Lafayette’s first-time homebuyers are being shut out of the market.
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New listings, meanwhile, in Lafayette Parish remain 23.8% behind last year’s total, which would put more buyers competing for a smaller pool of properties and keep prices from falling. This year’s total is on pace to be the lowest yearly total since at least 2018.
Source: The Advocate
First Horizon and TD Bank have called off a $13 billion deal that would have formed America’s sixth-largest bank, adding to the turmoil sweeping the country’s regional lenders.
Caught up in the worst banking crisis since 2008, First Horizon (FHN)’s share price has plunged about 40% over the past couple months, falling well below the $25 per share that TD offered when the takeover was announced in February 2022.
Source: CNN