(Read more on the multifamily market.)

NEW ORLEANS-Two years after Hurricane Katrina came on shore to ravage the Gulf Coast, thousands of people remain displaced from their homes, both single-family houses and apartment rentals. Although a group of activists and residents from the Gulf Coast are in Washington, DC this week to testify before several congressional committees, organizations like the National Low Income Housing Coalition aren't too hopeful that resources will soon become available for housing replacement.

According to the coalition, 71% of the 300,000 homes destroyed by Hurricanes Katrina and Rita were affordable housing. Two years after the hurricanes, at least 106,000 of mostly low-income families remain displaced.