LHC Board of Directors accepted the resolution parameter term proposal for the purchase of not exceeding $80 million of Louisiana Housing Corporation Single Family Mortgage Revenue Bonds in one or more series or subsidies; fixing the parameter terms of said bonds and otherwise providing with respect to said bonds; approving the form and directing the execution of the Bond Purchase Contract for said Bonds; and providing for other matters in connection with the foregoing.
“From our rural communities to our expanding metro regions, it is our goal to revitalize our aging housing stock, by bolstering our efforts in development and homeownership”, said Executive Director Joshua G. Hollins. “We understand the importance of development to a community, and again today, we are making a step in the right direction that will make a difference for families and communities.”
To Learn more about Mortgage Revenue Bonds, click here.
LHC Board of Directors approved $850,000 in State Housing Trust Funds to ensure the viability of 6 rural projects and protect the HOME investment of LHC. These approved projects are located in Evangeline and Vermillion Parish.
“The leadership of LHC has been intentional in putting the Louisiana back into the Louisiana Housing Corporation," said Chairman Alfred Harrell, III. “This is evident in the actions taken to expand opportunities to revitalize and grow our housing stock across our state, which will create safe, efficient and affordable communities for families to thrive.”
Subscribe for the Latest
