Whole-Home, Whole-Community New Orleans Short-term Rental Policy Solutions HomeAway believes that effective short-term rental policies are achieved through compromise and collaboration, not with bans or onerous restrictions. Over the last several months the HomeAway team has met with hundreds of short-term rental homeowners and managers, local housing affordability voices, policymakers and neighbors to hear their concerns and better understand what community members feel a fair compromise could look like. We believe the following plan could inform a comprehensive and enforceable policy that works for all. HomeAway remains committed to an open dialogue with community members in the weeks and months ahead. I. II. III. IV. Preserving Neighborhood Character and Continuity • Nuisance ✓ Require response by responsible party within one hour of notification ✓ Require responsible party reside/office in Orleans Parish or immediately adjacent parish ✓ Require a noise mitigation plan for each rental ✓ Increase fines for non-compliance • Non-resident Owners ✓ Cap the number of permits at two per non-resident owner ✓ Allow residents the opportunity to obtain additional permits with proof of residency Protecting Neighborhoods from Over Saturation of Short-term Rentals • Density/ Clustering ✓ Limit STRs to two per block-face ✓ Limit the number of STRs per census tract/zip code to 3% of overall housing units ✓ Lift the ban in French Quarter to alleviate demand in adjacent neighborhoods • Proliferation ✓ Cap permits at 6,000 ✓ 3% of overall housing units citywide Helping Address Community Affordable Housing Challenges • Dedicated Fee ✓ Increase per night fee to 2% of total lodging cost* ✓ Expand fee to apply to all lodging accommodations • Streamline Collection and Remittance ✓ Make fee easier to remit by providing an online payment option ✓ Dedicate 100% of NHIF funds to affordable housing new construction and rehab Blight to Bright – Supporting Sustainable, Long-term Growth • Special Blighted Property Permit ✓ Exempt blighted, uninhabited properties from STR limitations to incentivize investment ✓ Establish expiration for blighted property permit after five years *Based on averages presented in a recent study by the University of New Orleans, assuming short-term rental activity remains constant, the City of New Orleans could collect $20.6 million per year in fees with a 2% assessment of the total lodging rate. To learn more or connect with HomeAway Government & Public Affairs directly, please feel free to contact GovernmentRelations@HomeAway.com. ###