Don't do it!
Stayed in a room, not the hostel. The reviews I read prior to staying seemed to say the hostel was the worst but the rooms were ok. Not true. Both are bad.
Positives: beautiful building (rundown but still pretty), nice staff, cool courtyard, anything goes, fun eating/shopping district a block away, lots of potential if cleaned
Negatives: filthy (not just messy or dusty, like no cleaning supplies have ever been used), disorganized check in, junkies wandering around, roaches, bed bugs, mice droppings, no cabs want to take you there or pick you up there, homeless people squatting near entrances of building, throw up ground into carpet, 50/50 chance on safety
To give this place a glowing review, you must have a very low standard of living. With the price being one of the lowest in New Orleans, this place wasn't expected to be anything special. You get what you pay for - if this place was $20 a night to crash from a drug binge, it would be right on point. For close to a $100 a night (more during events), this wasn't ok. Do yourself a favor and save up more money for a better place.
The overall feel was laid back and the staff plus some regulars doing work on site were cool. Unfortunately that isn't enough to justify staying here.