From CNBC.
Twenty years ago Hurricane Katrina flooded hundreds of thousands of homes in New Orleans and killed over 1,800 people. In the aftermath, a quarter of the city’s housing stock was left vacant or abandoned. The U.S. government has spent billions to rebuild homes, restore infrastructure, and fortify the levee system. But more may be needed to counteract the city’s slow decline into the sea. On top of that, parts of the federal response have been criticized for their complexity and impact on low-income homeowners. Today, the city is facing a housing crisis as homeowner insurance premiums and property taxes rise.
Chapters:
00:00 Introduction
01:42 Chapter 1 – Property damage
03:38 Chapter 2 – Redevelopment
05:28 Chapter 3 – Abandoned properties
07:29 Chapter 4 – Flooding
Produced, Shot and Edited by: Carlos Waters
Additional Camera: Natalie Rice
Senior Producer: Shawn Baldwin
Graphics: Jason Reginato, Christine Kim
Additional footage: Getty Images, Coastal Protection and Restoration Authority
Additional sources: National Institutes of Health, Office of the U.S. Trade Representative, ProPublica, Sierra Club, The Historic New Orleans Collection, Trust For Public Land, University of Illinois, University of Texas at Austin
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Can New Orleans Save Its Homes From Flooding Again?
