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Funding Sources

The Louisiana Housing Corporation works with developers to provide housing for the people of Louisiana.

LHC’s Commitment

In keeping with its mission to ensure that every Louisiana resident is granted an opportunity to obtain safe, affordable, energy-efficient housing, the LHC offers various programs to encourage housing development.

Read on to find out more about programs for developers.

First-time Developers

Are you interested in starting your first housing development project? The LHC offers programs for inexperienced developers.

See if the NOAH Program or HOME Program is right for your first development project.

Low-Income Housing Tax Credit (LIHTC) Program

The LIHTC Program is a tax incentive intended to increase the availability of low-income rental housing. The tax credit is a credit against regular tax liability for investments in affordable housing properties constructed, acquired and rehabilitated after 1986.

Learn more about the Low-Income Housing Tax Credit (LIHTC) Program →

Multifamily Revenue Bonds

The Louisiana Housing Corporation, through the issuance of Multifamily Revenue Bonds, provides financing to developers to acquire, construct and/or rehabilitate affordable housing for low to moderate-income families and individuals.

Learn more about the Multifamily Revenue Bonds →

NOAH

The LHC offers the Nonprofit Open Cycle Affordable Housing Program (NOAH). Under this program, the LHC distributes HOME Investment Partnership Program Funds (HOME Funds) to experienced nonprofit housing development organizations on an open noncompetitive basis.

Learn more about NOAH →

CHAAP

The LHC offers the CHDO Annual Awards Program (CHAAP) for awarding funds for CHDO set-aside activities and Operating Cost Assistance. Under this program, the LHC will reserve 25% (but not less than $2,000,000) of its HOME allocation for use in funding eligible projects proposed by state-certified CHDOs on an annual basis.

Learn more about CHAAP →

HOME

The Rental Housing Development (Multifamily) HOME Rental Housing Program provides loans to affordable housing developers to build, buy or rehabilitate affordable housing and provides direct rental assistance to low-income individuals. LHC serves as the administrator for HOME funds for the state of Louisiana and distributes them through a Notice of Funding Availability.

Learn more about HOME →

HOUSING TRUST FUND

The LHC offers the National Housing Trust Fund (NHTF), a new federal affordable housing production program that will complement existing federal, state, and local efforts to increase and preserve the supply of decent, safe, and sanitary affordable housing for extremely low and very low-income households, including homeless families and individuals.

Learn more about the Housing Trust Fund →

CDBG

The LHC offers the Community Development Block Grant (CDBG), a flexible program that provides communities with resources to address a wide range of unique community development needs.

Learn more about the CDBG →

Community Housing Development Organization (CHDO)

A Community Housing Development Organization (CHDO) is a private nonprofit, community-based service organization that has obtained or intends to obtain staff with the capacity to develop affordable housing for the community it serves.

Learn more about the CHDOs →

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LOOKING TO MAKE CONNECTIONS?

At Connections you will have the unique opportunity to connect with a diverse group of professionals and advocates from all housing sectors in the state. The conference will be divided into 6 tracks that examine and discuss housing from an individual, regional and statewide perspective. 

Register Today!