Baton Rouge Rebuilds Developer Program

Program Description

The Baton Rouge Rebuilds Developer Rental Program’s purpose is to eliminate blight and stabilize neighborhoods impacted by the Great Floods of 2016, repair damaged rental housing stock that will be made available at affordable rental rates for low-income households, and increase the available rental stock in flood-damaged East Baton Rouge.

The program is designed to provide forgivable loans for construction of new rental units and repair or reconstruction of flood-damaged rental units affected by the Great Floods of 2016 for occupancy by low to moderate income tenants. Under the program, the Louisiana Housing Corporation (“LHC”) will accept an application from an eligible developer who will repair, reconstruct, or newly construct residential rental housing units in a project that will not exceed seven residential housing units. Properties may be scattered site, within a single building, or a combination of these. Eligible property owners must secure all funds necessary which are required in excess of the assistance provided by the program.

The program will provide benefit in the form of affordable rents to tenant households meeting the low and moderate income (LMI) National Objective requirements in accordance with HUD LMI standards.