Program Description

The Louisiana Housing Corporation (“LHC”) will implement the Louisiana Neighborhood Landlord Rental Program (“LNLRP Initiative”) to provide assistance to landlord applicants (“Eligible Applicants”) experienced in renting residential properties to tenants or developing in-fill residential rental housing to be located in areas adversely affected by the 2016 Severe Storms and Flooding Events. Under the LNLRP Initiative, LHC will accept applications from Applicants who will construct new residential rental housing units (“New Units”) or will renovate residential rental housing units (“Existing Units”) in a Qualified Project located in one of the parishes declared to be disaster areas (“Eligible Parish”) as a result of the March 2016 and August 2016 Severe Storms and Flooding.

Total funding available for the LNLRP is $36 million for loans. This program is funded through the Community Development Block Grant Disaster Recovery Program (CDBG-DR) from the U.S. Department of Housing and Urban Development.

What Is Provided?

  • Financial assistance will be provided in the form of a loan for permanent financing (“Take-out Commitment”) to take out the construction financing necessary for reconstruction, rehab and new construction of properties with 7 or less units. The loan may be fully forgiven at the end of the affordability term if the Eligible Applicant complies with all tenancy and affordability requirements for the term of the affordability period.
  • Financial assistance will be provided for eligible unmet needs, after deducting all duplicative assistance such as NFIP proceeds, SBA loans, etc.
  • In return for assistance, each assisted unit will be required to meet an affordability period which requires the owner to rent to a low income tenant for a set amount of time.
  • Loan will not be granted until the construction has been completed on the property, and a certificate of occupancy is awarded. 
  • Eligible Applicants may apply for assistance not exceeding one million five hundred thousand dollars and no Eligible Applicant may submit more than three (3) Complete Applications.

An Applicant must either partner with a pre-qualified commercial lender (“Lender”) who commits to provide the Applicant construction financing (“Construction Loan”) and/or fund all development costs with the Applicant’s own funds for all construction monitored by the LHC. An Applicant using non-borrowed funds to finance construction must submit to the LHC a Closing Docket and arrange to commence construction financing.

 The Take-out Commitment will occur on the Conversion Date following completion of construction or renovation of a residential housing unit. All assisted units will be restricted to affordable rents during an affordability period.

Who Is Eligible?

To be eligible for benefits under the LNLRP, an applicant must meet the following criteria:

  • Community Housing Development Organization (“CHDO”)
  • 501(c)(3) or 501(c)(4) Not-For-Profit Organization (“NPO”)
  • Local Public Housing Authority (“PHA”)
  • A local development agency (“LDA”) that is not a parish or municipality
  • A private for-profit property owner (“Residential Rental Property Owner”) 

Rental Property Eligibility Requirements

In order for a property to be eligible to be repaired, reconstructed or newly constructed under the LNLRP initiative, a property must meet the following criteria:

  • Must be a structure with not-to-exceed 7 units. Properties with more than 7 units contained within a single structure are not eligible under the Program;
  • Site-built, modular or manufactured home

Program Description  



Required Application Documents

*All below documents should be included with each application to be considered complete*

New construction

  1. Site plan
  2. Floor plan
  3. Front, side and rear elevations
  4. Certification Regarding Sources and Uses of Funds Statement and No Duplication of Funds (Please provide any SBA or NFIP paperwork associated with the unit)
  5. Preliminary checklist indicating “Green Building” compliance with appropriate standard
  6. Evidence that project meets zoning requirements
  7. Evidence that the proposed housing unit is not in a special flood hazard area (This can be an elevation certificate or a print out from the LSU Ag Center Flood Map Site)
  8. Construction Contract
  9. Stop Work Order Provision Document
  10. Commitment contingent upon receipt of LNLRP (This should be a lender commitment letter or equivalent)


  1. Site plan
  2. Photos of front, rear, and sides of exterior
  3. Photos of each room
  4. Capital needs assessment approved by the Lender or an independent, experienced third party professional, such as an architect or engineer, without any financial interest in ownership of the Qualified Project, must be submitted at the time of application.
  5. Proposed compliance alignment of the scope of work with HUD CPD Green Building Retrofit Checklist
  6. Certification Regarding Sources and Uses of Funds Statement and No Duplication of Funds evidence of commitment and availability of all permanent and duplicative funding sources necessary to complete the project.(Please provide any SBA or NFIP paperwork associated with the unit)
  7. Evidence that project meets zoning requirements
  8. Evidence that the housing unit is not in a special flood hazard area (This can be an elevation certificate or a print out from the LSU Ag Center Flood Map Site)
  9. Vacancy certification
  10. Construction Contract (If work has been started on the units
  11. Construction Quote (If work hasn’t been started on the units)
  12. Stop Work Order Provision Document
  13. Commitment contingent upon receipt of LNLRP(This should be a lender commitment letter or equivalent)
  14. Tenant Certification

Special Flood Hazard Zones are labeled as: Zone A, Zone AO, Zone AH, Zones A1-A30, Zone AE, Zone A99, Zone AR, Zone AR/AE, Zone AR/AO, Zone AR/A1-A30, Zone AR/A, Zone V, Zone VE, and Zones V1-V30.


Allowable Tenant Rents and Utility Allowance by Parish/City

Lenders Who Expressed Interest in the Program

This list will be updated as more lenders express interest


Bank Name Areas Served Contact Name Contact Number
Home Bank Lafayette, Baton Rouge, New Orelans, and Northshore Brandon Kelly 225-300-8327
WoodForest National Bank Lake Charles, Lafayette, Eunice, Jennings, Houma, Baton Rouge, Tangipahoa, Orleans-Metairie MSA (10 parishes), Alexandria, Monroe, Morehouse, Lincoln, Shreveport K. Lavon Burbank 504-261-5067

Are you not able to Complete the Application Via the Website?

If you are unable to submit the application online, you may call 225-763-8700. A program staff member will assist you in filling out the application. If the application is being taken by phone, all application documents should be mailed to the following address:

Louisiana Housing Corporation
Re:The LNLRP Initiative
2415 Quail Drive
Baton Rouge, LA 70808

Please include applicant/company name & return address


Legal Documents

The Following Documents Will Be Made Available By COB 5/17/2017

  • Document 1
  • Document 2
  • Document 3

Do you have any questions about the program? Please email


Outreach and Marketing of Program to Lenders May 5
Notice of Funding Availability

May 15

NOFA FAQ’s Published   June 9
Application Intake Deadline June 16
Commitment Letters Issued Continuously After This Date on a First Come First Served Basis July 3 

Workshops       Register Here For The Workshops       Workshop Powerpoint

Parish Location Address Date Time
East Baton Rouge East Baton Rouge Main Library 7711 Goodwood Blvd, Baton Rouge, LA 70806 May 17  3:00PM-4:45PM
Tangipahoa LaQuinta Inn & Suites 42126 Veterans Ave, Hammond, LA 70403 May 18 3:00PM-4:45PM
Lafayette Lafayette Public Library-Main Library 301 West Congress St, Lafayette, LA 70501 May 23 3:00PM-4:45PM
Caddo LA Technical College 2010 N. Market St, Shreveport, LA 71107 May 24 3:00PM-4:45PM
Ouachita Ollie Burns Branch, Ouachita Parish Library 5601 Hwy. 165 By-Pass, Richwood, LA 71202 May 25 3:00PM-4:45PM