The rental market has been significantly impacted by Hurricanes Laura, Delta, and Ida.  The Piggyback Resilience Initiative – Mixed Income, or PRIME 3 Program, provides $230,000,000 of Community Development Block Grant Disaster Recovery (CDBG-DR) through our partnership with Office of Community Development – Disaster Recovery Unit (OCD-DRU).

This is the third PRIME program issued by LHC.  The program is competitive, and funding will be awarded to the highest-scoring applications. The PRIME 3 NOFA continues LHC’s mission to build disaster-resilient affordable housing for mixed-income families.  PRIME 3 objective is to create developments which feature substantial disaster-resilience characteristics, generally requiring  Insurance Institute for Business & Home Safety (IBHS) FORTIFIED Multifamily Gold certification and meet the 2020 Enterprise Green Communities criteria. 



  • Must be located in a Laura, Delta or Ida Eligible Parish
  • Residential buildings may not be located or partially within a flood zone.
  • Must be a single asset entity organized as a for-profit LP or LLC.
  • Developments must be combined with 4% LIHTC’s and bond financed mortgage proceeds or 9% LIHTCs.
  • No applicant, person, or entity who is currently out of compliance with LHC and/or Louisiana OCD-DRU may apply




*Dates are subject to change


Important dates:

  • Application Deadline, including payment of application and analysis fees:  Friday, April 12, 2024
  • Deficiency Letters Issued by LHC to Applicants:  Wednesday, May 29, 2024
  • Deficiency letter response deadline, by applicants to LHC: Wednesday June 5, 2024
  • Award determinations: Wednesday June 26, 2024
  • Closings, by or before: Wednesday, April 30, 2025
  • Construction completion, by or before: Thursday, October 22, 2026
  • 100% Occupancy, by or before: Monday, April 19, 2027



Laura-Delta and Ida Impacted Parishes-4