The Louisiana Housing Corporation works with developers to provide housing for the people of Louisiana.
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.
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.
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 →
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.
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.
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.
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.
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.
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.
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.
Interested in learning more about the programs we offer for housing development? Complete our online form to get more information and find out how we can help you provide safe, affordable housing.
