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Louisiana Housing Corporation's Monthly Newsletter

January 2024

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, 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, this ongoing challenge to produce more safe, affordable, and energy-efficient housing 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.

LABOSCOC RECEIVES HUD AWARD

www.lhc.la.govhubfsLA BOSCOC AWARD (2)-1

The Louisiana Housing Corporation (LHC) is proud to announce that the Louisiana Balance of State Continuum of Care (LA BOSCOC) received an award of $29 million in the fiscal year 2023 Continuum of Care (CoC) Program by the U.S. Department of Housing and Urban Development (HUD). This significant award includes funding for all projects requested by LA BOSCOC, with adjustments made for Fair Market Rent (FMR). 

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LHC Brings Awareness to

Energy Assistance Day

NEAD Instagram (2)-1

February 1, 2024

The Louisiana Housing Corporation (LHC) proudly recognizes, along with the nation, the vital importance of Energy Assistance Day, an initiative aimed at supporting families and individuals facing challenges in meeting their energy needs. This annual recognition serves as a crucial reminder of the collective responsibility we share in ensuring the well-being of our communities, particularly during challenging times. 

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LHC Projects Highlights

H3C APARTMENTS

$16.7 million through Multifamily Revenue Bonds (MRB), $1,014,415 Low Income Housing Tax Credit (LITHC), and $5 million in Community Development Block Grant (CDBG). 

H3C Apartments Ribbon Cutting Ceremony

LHC Funding Announcements & Public Notices

LHC Concludes Applications for the Blue Tarp Roofing Repair Program

The Louisiana Housing Corporation (LHC) has officially closed its application process for the Blue Tarp Roofing Repair Program after receiving an overwhelming response from the community. LHC has received a total of 217 Blue Tarp eligible applications and provided roof repairs for 99 homeowners to date. LHC expects to be able to serve another 75-80 homeowners, with the current available funding. More information to come about a potential Round 2. 

Blue Tarp
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Middle Market Loan Program (MMLP) Winning Developments

Our middle market renters are increasingly rent burdened as a result of the impact by the major disasters of Hurricanes Laura, Delta, and Ida. This program was designed to promote economic development while addressing affordability for our workforce population by targeting mixed-rate developments that will be located in high cost areas and developments are able to repay the MMLP award by year twenty. The LHC is pleased to announce the top scoring developments of the 2023 Middle Market Loan Program. 

01.22 MMLP Winning Developments (3)
PRIME-3 UPDATED TIMELINE

Friday, March 15, 2024

Application Deadline, including payment of application and analysis fees. 

Friday, May 3, 2024

Deficiency Letters issued by LHC

Friday, May 10, 2024

Deficiency Letter Response Deadline by applicants 

Friday, May 31, 2024

Awards determination published

Friday, December 27, 2024

Closings, by or before

Thursday, June 4, 2026

Construction Completion by or before

Wednesday, December 16, 2026

100% Occupancy, by or before

LHC On Your Block

Copy of LHC Around the state

Washington, D.C. 

LHC Compliance Director Todd Folse participated in NCSHA's HFA Institute, where he moderated "Transitioning Inspections to the NSPIRE Protocol" Session. 

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Bob Brooks School of Real Estate End of the Year Continuing Education Class

Homeownership Marketing Rep Supervisor Daniel Duggan presented at Bob Brooks School of Real Estate with over 300 people in attendance.

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LSU

Homeownership Marketing Representative Dexter Alexander attended the Women's Council of Realtors event, "New Year New You," at LSU. 

dexter at lsu

Congressional Delegation Meetings

LHC Executive Staff members traveled to D.C. to discuss housing priorities across the state, insurance relief, federal appropriation resources, including the Affordable Housing-Credit Improvement Act, and the need to review Fair Market Value Rates. 

mw and speaker instagram post
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Baton Rouge

LHC's Homeownership team helped put on UREC's Homebuyer's Class at the Eden Pary Library in Baton Rouge. 

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Northwest Louisiana Board of Realtors

Last stop for Duggan was in North Louisiana where he conducted a homebuyer education class to the Northwest Louisiana Board of Realtors.

DANIEL AND CLASS ON 31
JAN 31 DANIEL
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LHC In The News

new wafb channel 9 logo

LHC Interim Director talks about housing in BR in 2024

WAFB Jan 7th interview

Louisiana groups take to the streets for annual Point In Time count 

WAFB Channel 9 Pit Count 2024
Business Report 2
Mission BR
greater business MW
wgno

New health, affordable housing community opens in Central City 

h3c apartments in the news
AN17

LHC closes applications for Blue Tarp Roofing Repair Program

blue tarp in the news
1-Jan-25-2024-06-22-38-7429-PM
2-4

LHC Upcoming Events

02.02-1
LA Homeownership Think Tank Feb. 28th (2)
02.12 -1
Copy of QAP Meetings (1)
SEE MORE EVENTS

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Louisiana Housing Corporation, 2415 Quail Drive, Baton Rouge, LA 70808, (888) 454-2001

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