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Compliance

The Louisiana Housing Corporations's Compliance team helps ensures that federal law and LHC requirements are followed.

Compliance

The Compliance team monitors properties financed with housing tax credits, HOME funds, and other funding sources. The Compliance team ensures the long-term preservation of affordable housing and that federal law and LHC requirements are followed. To achieve these objectives, the Compliance team employs a training, education, and technical assistance approach with its owner and property manager partners.

Federal regulations require all properties to be inspected, and the frequency of inspections is dictated by the project's source(s) of funding. In addition to site inspections, the monitoring team also reviews tenant files to ensure program requirements are met; and the desk monitoring team receives and reviews annual compliance certifications and submissions, due every year on February 15th.


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COMPLIANCE MONItoring

The primary objectives of the Compliance Monitoring Department are to preserve existing affordable housing and increase property performance while minimizing the corporation’s risk and ensuring the ongoing long-term viability of LHC funded projects.

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Construction Monitoring

The Construction Monitoring team supervises the progress of new construction and rehabilitation projects across all Corporation programs, ensuring that federal regulations are followed and that all construction agreements between the LHC and the developer are met.

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ASSET MANAGEMENT

The Desk Monitoring Team of the Asset Management Department is responsible for monitoring compliance with reporting requirements, regulatory compliance, payment obligations and ensuring the ongoing long-term viability of LHC funded projects.

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Environmental and labor Review

The LHC reviews developments and potential impacts to determine whether the projects meet federal, state, and local environmental standards.

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