Menu

COVID-19: Asset Management

    asset management UPDATES RELATED TO COVID-19

    As circumstances from COVID-19 continue to evolve, LHC’s priority is ensuring the health and safety of our staff, customers, and partners while continuing to fulfill our mission of investing in affordable housing and economic development.

    Consistent with guidance issued by government and health officials, and to do our part to help prevent the virus from spreading, LHC is encouraging a culture of social distancing.

    Until further notice, LHC has asked our employees to work remotely and to restrict all business travel. Our organization has invested in technology that allows us to maintain business continuity despite these changes. While you may see us rescheduling meetings and trainings to occur as conference calls or webinars, our team remains committed to ensuring that we are accessible and responsive to your needs.

    While we adapt as appropriate to the changing environment, LHC remains steadfast in our commitment to our work. More information for our customers and partners is below.

    Ownership Transfer & Loan Subordination Request

    For all funding sources.

    • Email all inquires to assetmanagement@lhc.la.gov.
    • Please expect a minimum fourteen (14) day turnaround once a submission of a transfer request is deemed complete.

    ANNUAL SURPLUS CASH PAYMENTS

    For Multi-family Properties: HOME, TCAP, NSP, and LHC-CDBG.

    • Email all inquires to assetmanagement@lhc.la.gov.
    • All payments should mailed to:
      LHC - Attention Asset Management
      2415 Quail Drive, Baton Rouge, LA 70808
      Include project name and property ID number.

    Annual Audited Financial Statement Submissions

    For Multifamily & Single-Family Properties: Tax Credits, Tax-Exempt Bonds, CDBG, HOME, and NHTF.

    Owners of LHC funded multi-family properties may request an extension of the required regulatory audit submission. The request must be emailed to assetmanagement@lhc.la.gov and include the list of properties needing an extension.    

    All approved requests will receive an email notification granting a 30 day extension. We will continue to monitor the situation and may provide additional extensions as warranted. Please be advised that any extensions approved by the LHC does not apply to nor supersede audit requirements set forth by other non-LHC funding sources; local, state and federal funding sources.


    annual submissions requirements

    For Multifamily Properties: Annual Owner's Certifications, Schedule IIA's - Uni Determination, and Annual Compliance Monitoring Fees

    • Email all inquires to assetmanagement@lhc.la.gov.
    • All payments should mailed to:
      LHC - Attention Asset Management
      2415 Quail Drive, Baton Rouge, LA 70808
      Include project name and property ID number.

    Point of Contact:
    Dione Milton
    Asset Management Manager
    dmilton@lhc.la.gov