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.
Section 142 covers the conditions under which Multifamily Mortgage Revenue Bonds can be issued, Section 145 covers 501 (c)(3) Bonds and Section 146 covers Volume Cap.
Housing Projects that are financed (whether new construction or acquisition/rehab) in part by federal subsidies (i.e. volume cap bonds) are eligible for 4% tax credits only. There is no “limited pool” for the 4% tax credit as there is the 9% credit. To obtain the 4% tax credit, a partnership must apply for an allocation of private activity bonds, which if received, allows for a non-competitive application process for the 4% tax credit.
Find the documents you'll need to apply for this program. Browse resources
WANT TO LEARN MORE ABOUT HOUSING DEVELOPMENT FUNDING?
