HomeAway has recently submitted their short-term rental policy proposal to New Orleans City government. The policy, entitled Whole Home, Whole Community, seeks to follow new guidelines laid out by the city council that inhibit short-term rental permits of "most non-owner-occupied properties in an Interim Zoning District for nine months".
The interim district includes the historic core, historic urban residential and nonresidential zones, and the central business district. The measure was passed in the May 24 city council meeting along with another measure for the city planning commission to conduct a study on the effects of short-term rental regulations. The council will use the results of the study to guide additional or amended legislation. Both measures passed by a vote of 7–0.
After hours of public testimony on both sides of the issue at the May meeting, council president Jason Williams said “A pause button has to be pushed,” noting the problems caused by short-term rental concentration in residential areas but also the opportunities such rentals can be for languishing properties. “We asked to do this study so we can figure out how to get it right.” The study must be completed by September 21.
Read more here.
Join us in Madrid from the 13th to the 16th of November for the Property Portal Watch Conference.