Louisiana Housing Corporation's Monthly Newsletter

June 2025

Catch up on all things #TeamLHC. See where we've traveled, projects completed, board meeting recap, public funding announcements, and more.

LHC's mission is to ensure that every Louisiana resident is granted an opportunity to obtain safe, affordable, and energy-efficient housing. We administer federal and state funds through programs designed to advance the development of energy-efficient and affordable housing for working families, drive housing policy for Louisiana, and oversee the state's Disaster Housing Task Force.

Each day our mission is met by a dedicated staff of professionals who help families make their housing dreams a reality.

To access information about a topic highlighted in the newsletter, simply click on the graphic, image, button, or hyperlink.

Project Highlights

The Reserve at Power Place

#TeamLHC opened the doors to a new 144-unit affordable housing community in Lake Charles, LA. The partnership of LHC and the Office of Community Development awarded $19.5 million in Community Development Block Grant (CDBG) funds, along with $ 21 million in Multifamily Revenue Bonds and $1.7 million in Low-Income Housing Tax Credits.

Corporation Updates

It is never too late to follow the path to homeownership. Meet Kenitra Figaro. At 46 years old, she purchased her first home through LHC's Keys for Service Program. Her message to potential homebuyers is, "I encourage them. Now, if I could get it, then you can get it. You may not have to go through all of the stuff that I had to." Watch this LHC On Your Block video to learn more about how Kenitra's homeownership dreams came true.

The path to homeownership can sometimes be unexpected, but Shane truly felt he had moved in the right direction after finding LHC's Pathways to Homeownership Program. As a teacher and single parent, Shane found the perfect home for him and his family. As we close out June 2025 Homeownership Month, let Shane's story be a reminder that the dream of homeownership is possible.

Locate #TeamLHC

#TeamLHC was active during June 2025 and was able to visit multiple parishes and cities for Homeownership Month. Watch this video to see where LHC visited to raise awareness of the benefits of Homeownership and how LHC can help you achieve homeownership status.

READ PRESS RELEASE

Meet LHC's Homeownership Partners

LHC Board Of Directors Meeting Recap

Budget & Finance Committee

The Board of Directors discussed LHC's financials.
Approved the resolution adopting a Short-Term LHC Operating Budget from July 1, 2025, through October 1, 2025, as related to the LHC Operating Budget for the Fiscal Year ending June 30, 2026.

Programs Committee

Approved the resolution accepting the parameter term proposal for the purchase of not exceeding $125M of LHC Single Family Mortgage Revenue Bonds.
Approved the resolution of intention to issue not exceeding $22M in Multifamily Housing Revenue Bonds for 4100 Bywater, located at the southeast intersection of Royal Street and Mazant Street in New Orleans, LA.
Approved the resolution and authorization of the issuance of not
exceeding $16M Multifamily Housing Revenue Bonds for Touro Shakspeare located at 2621 General Meyer Avenue, New Orleans, LA.