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
» Subscribe to CNBC:
» Subscribe to CNBC TV:
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
|
On October 5th, Comedian Liz Miele spear...
WSJ’s Sam Goldfarb breaks down why bond ...
WSJ’s Robbie Gramer returns to his home ...
Oura's Chief Medical Officer suggests we...
----------------------------------------...
loomberg’s Ed Ludlow breaks down OpenAI'...
Kleiner Perkins partner Ilya Fushman say...
WSJ's Telis Demos breaks down the data p...
Donald Trump’s attitude to AI can be sum...
Donald Trump, until recently, has taken ...
Actors Mikey Madison (Frances Haugen) an...
The Trump administration has suspended M...
Oracle is using a new power strategy to ...
The Trump administration this week crack...
Amazon says it will stop using NDAs when...
Robert Burck, better known as the Naked ...