‘End of the line’ tent camp for homeless people broken up
Safety concerns forced the move, but aid workers say they aren’t sure where those pushed out of the encampment will go.
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Housing
Column: Lafayette isn’t paying competitive wages
New data shows wages in Lafayette aren’t competitive with other parts of the state or the country. That means many people are having to take a hometown discount to stay or move here.
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Lafayette has unlocked hundreds of adjudicated properties. But hundreds more remain.
Lafayette’s efforts to deal with adjudicated properties have seen slow but steady progress since adjudications peaked at 1,560 properties in July 2019. In the years since, LCG has brought hundreds of properties back into commerce.
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Flood insurance premiums have surged across the state under FEMA’s new system for calculating risks. State officials involved in the suit say the federal agency has not been transparent about how the calculation works.
Source: The Daily Advertiser
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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Want young voters to stay? Try listening to them
Are Lafayette’s leaders listening? Young voters say their concerns are falling on deaf ears.
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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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LaPlace/Fightinville residents urge action on homelessness
The area is bearing the brunt of converging problems. There are more people living without shelter and fewer shelter beds available for them.
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As a result of the lack of new inventory, home prices have remained high, even as demand has dropped. Still, the region has seen its supply rebound a little over the last year.
Source: The Advertiser
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
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