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New Orleans City Council proposes Proposition 1 to allocate 2% of city revenue to affordable housing initiatives.
The New Orleans City Council is proposing Proposition 1 for the November 5th ballot, which would allocate 2% of the city's annual general revenues to affordable housing initiatives.
This amendment aims to permanently address the housing shortage for low- and moderate-income residents.
If approved, changes would require a referendum or unanimous council vote during emergencies.
Critics express concern over potential budget flexibility limitations.
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El Ayuntamiento de Nueva Orleans propone la Proposición 1 para asignar el 2% de los ingresos de la ciudad a iniciativas de vivienda asequible.