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Louisiana Housing Corporation's Monthly Newsletter

December 2023

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.

2023 Annual Report

Explore LHC's 2023 Annual Report—a comprehensive reflection of our project highlights and accomplishments throughout the year. Our report embodies LHC's mission and ongoing efforts. It provides a detailed view of our work and its impact.

 

Click the button below to learn about our recent successes, new program launches, funded projects, and more!

2023 Annual Report Louisiana Housing Corporation
2023 ANNUAL REPORT MICROSITE

IREC Accreditation

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LHC received accreditation as an Interstate Renewable Energy Council (IREC) Accredited Training Provider for its comprehensive Energy Auditor Course. This accreditation solidifies LHC's commitment to excellence in energy-efficiency education and workforce development within the housing sector. This accreditation adds credibility and value, as well as providing participants with a competitive edge in the job market. LHC is the only IREC accredited training provider on the Gulf Coast. Congrats to Training Coordinator Pam Lewandowski and the entire team on this HUGE accomplishment.

LHC RECEIVES IREC ACCREDITED TRAINING PROVIDER FOR ENERGY AUDITOR COURSE

LHC's 2023 Top Accomplishments 

2023 Top Accomplishments of LHC Slideshow

#TeamLHC closed out 2023 on a high note! We have many accomplishments this year that we are proud of, click the video to see all of major milestones this past year. 

LHC Projects Highlights

VILLAGE HOME APARTMENTS (East Hodge)

$423,052 through the Low Income Housing Tax Credit Program (LIHTC) 

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CELESTE LANDING (New Orleans)

$1.4M through the LIHTC

CELESTE LANDING GROUNDBREAKING
CAPSTONE AT THE OAKS (Lake Charles)

$17.3M of Community Development Block Grant (CDBG) funds from the PRIME-2 NOFA funding round. $22M in Multifamily Housing Revenue Bonds and $1.8M in LITHC. 

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SATINWOOD GROVE NEIGHBORHOOD

$1.2M through the 2016 Floods Neighborhood Landlord Rental Program and $685,020.00 through the HOME Program 

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LHC Funding Announcements & Public Notices

2025 DRAFT QAP

The 2025 Draft Qualified Allocation Plan (QAP) has been uploaded to LHC's website and will collect comments from the public. The draft version of the QAP encourages innovation and resilient building practices through the inclusion of the FORTIFIED Roof threshold and optional points for other resiliency measures.

2025 draft qap annoucement (2)
2025 DRAFT QUALIFIED ALLOCATION PLAN

The Minority, Women, and Veteran-Owned Business Directory 

DBE (1)

#TeamLHC is proud to announce the launch of the Minority, Women, and Veteran-Owned Business Directory. The goal of adding this directory is to increase the material participation of minority, women, and veteran-owned businesses in the LHC funded programs. Click below to read more. 

MINORITY, WOMEN, AND VETERAN-OWNED BUSINESS DIRECTORY

LHC On Your Block

LHC Around the state (1)

NCSHA

Director Willman proudly hosted nearly 30 state HFA directors from around the Country in New Orleans for the NCSHA Executive Directors Conference. The members focused on various housing issues and opportunities to work on their home states.

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Baton Rouge

Homeownership Marketing Representative Dexter Alexander participated in the Health Blue & EBRSO Turkey Giveaway.

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Kathy & MW

New Orleans

#TeamLHC visited with the Greater New Orleans Latino housing stakeholders. The group consisted of title attorneys, inspectors, loan officers, and insurance agents. 

Lation Housing in NOLA

Keys for Service

Homeownership Department put on a Keys for Service Homeownership Seminar with Cadence Bank. 

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Father On a Mission (F.O.A.M) 

Homeownership Marketing Supervisioir Daniel Duggan partnered with F.O.A.M

LHC Board Of Directors Meeting Recap

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LHC Board December

Project Highlights

  • Greenwood Terrace | Shreveport, LA 

LHC Board of Directors approved the intention to issue an additional $2.5M of Multifamily Revenue Bonds for Greenwood Terrace. This will establish the maximum qualified basis and low-income housing credits to GWT Housing Partners, LLC to authorize as may be necessary to allocate 4% Low-Income Housing Tax Credits. 

  • KHA Affordable Properties | Kenner, LA

Accepted the proposal of R4 Capital Funding for the purchase of an additional $2M above the previously approved $24M Multifamily Mortgage Revenue Note for KHA Affordable properties. 

  • Millennium Studios Project III | Shreveport, LA

Accepted the proposal of Citibank, N.A. for the purchase of an additional $1.5M above the previously delivered $14M Multifamily Housing Governmental Note. 

  • Le Fleur Apartments | Lake Charles, LA

Authorized the reduction in the number of units in the project from 15 buildings to two buildings and from 88 units to 48 units. 

    LHC Board of Directors would like to thank Coordinator-Secretary Barry Brooks for ensuring LHC is in compliance with offering virtual meeting opportunities. 

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    Action Items 

    • Approved the resolution of adopting virtual meeting rules to allow the LHC Board of Directors to conduct meetings electronically and to adopt the rules providing for disability accommodations, all in accordance with Act 393 of the Regular Session of the Legislature. 
    • Approved the issuance to not exceed $125,000,000 of Louisiana Housing Corporation Single Family Mortgage Revenue Bonds in one or more tax-exempt or taxable series or subseries. 
    • Approved the State's 2025 Draft QAP

    Happy Holidays 

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    LHC staff got into the Christmas Spirit during the 4th Quarter All-Staff Meeting. The administration presented LHC Employee Service Awards alongside several door prizes, a gingerbread house, and ugly Christmas sweater contests. LHC Employee of the Quarter went to Paul Johnson. 

    LHC In The News

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    Louisiana Housing Corp. stops payment to Oak Meadows owners

    MW on Oak Meadows

    Keys for Service helps essential workers buy home

    Terry Keys for Service

    Program helps essential workers with buying a home

    Keys for Service shreveport
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    Housing Authority: Record number of vouchers provided for families in need

    KTAL Housing Voucher
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    Program offers assistance with energy bills for low-income families 

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    KNOE 8

    Ribbon Cutting held for new apartment complex in East Hodge 

    KNOE ribbon cutting
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    How to Become A First Time Home Buyer in Louisiana 

    Bayou Mortgage
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    HRI Closes Financing for Second Phase of Lake Charles Apartments

    Biz New Orleans Woodring Project

    Louisiana Housing Corporation Launches the Minority, Women, and Veteran-Owned Business Directory 

    DBE Directory
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    New accreditation training more contractors on energy efficient practices

    wafb irec

    LHC Upcoming Events

    jan 9 event
    jan 29
    jan 23 event
    jan 23 homeownership event
    SEE MORE EVENTS

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

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