Office of Community Development

American Can
Nina Feldman

Late last year, the American Can Apartments delivered eviction notices to many low-income tenants. The 268-unit complex near Bayou St. John had dozens of affordable units set aside for low-income people when it opened, 15 years ago. That was part of an agreement with the city. But that agreement has now expired. And as Nina Feldman reports for WWNO, the American Can evictions are not an isolated thing. Thousands of affordably priced housing units, owned by private developers, are set to expire in coming years.

The state of Louisiana is accepting applications for a program offering low-interest loans of up to $5 million to businesses affected by hurricanes Katrina and Rita in 2005.

The state Office of Community Development said in a statement Wednesday that the loans are designed to address "unmet business recovery needs" and stimulate economy recovery.

Funding for 11 projects already has been approved through the "Project-Based Opportunity Program."

The loans are funded by federal grants from the Department of Housing and Urban Development.