The Louisiana Housing Corporation (LHC) officially announces a $149 million Community Development Block Grant Disaster Recovery (CDBG-DR) Notice of Funding Availability (NOFA) today, Monday, August 22. These CDBG-DR funds will be combined with 4% Low-Income Housing Tax Credits (LIHTC) and bond-financed mortgage proceeds.
The Piggyback Resilient Mixed-Income V2 (PRIME-2) NOFA is specifically designed to develop resilient multifamily properties in areas that were greatly impacted by Hurricanes Laura, Delta, and Ida according to the U.S. Department of Housing and Urban Development.
Eligible parishes include Acadia, Allen, Beauregard, Caddo, Calcasieu, Cameron, Grant, Iberia, Jackson, Jefferson, Jeff Davis, Lafourche, La Salle, Lafayette, Lincoln, Morehouse, Natchitoches, Orleans, Ouachita, Plaquemines, Rapides, Sabine, St. Bernard, St. Landry, St. Martin, Terrebonne, Union, Vermilion, Vernon, and Winn. Projects located in Special Flood Hazard Areas are not allowed.
All projects must meet the FORTIFIED Multifamily Gold Standard; will conduct a multi-hazard risk and vulnerability assessment; manage surface stormwater, provide access to potable water during emergencies, flood-proof buildings, provide emergency power, install back-flow preventers, construct with ‘flood-hardy’ materials and assemblies and ensure all mechanical systems are elevated.
All projects must be completed by November 15, 2024.
For more information about the PRIME-2 NOFA, contact development@lhc.la.gov. To learn more about LHC’s funding opportunities, visit lhc.la.gov.
Subscribe for the Latest
